Deposits under companies act 2013?

Co Act 2013 5418 views 15 replies

But the question is that, should a private limited company be subjected to such provisions? The major source of funding in many private companies are the unsecured loans from the Relatives of the promoters/directors who may also be the shareholders.....the provision under sec 73 leaves no other way for the promoter to bring in money into the business......

Replies (15)

But the question is that, should a private limited company be subjected to such provisions? The major source of funding in many private companies are the unsecured loans from the Relatives of the promoters/directors who may also be the shareholders.....the provision under sec 73 leaves no other way for the promoter to bring in money into the business......


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