Acceptance of deposits from director

Dhruv Sanghavi (CA) (21 Points)

16 June 2017  
In case of a Private Limited Company, Co. has accepted Loan from Director before Commencement of Companies Ac, 2013. Now, after 1st April, 2014, he is not a director and company is not a position to refund back loan amount. Now , will that be considered as non compliance of Companies Act, 2013? If yes, what are the consequences and what are penal provisions? Is there any remedy available to company by filing certain forms to ROC? What are such forms?