Menu
Kindly your suggestion
Can Proprietorship collect deposit as unsecured loan from public?
Replies (3)
It should not,as per sebi .read sahara case.
It should not,as per sebi .read sahara case.
Only banks, NBFCs are allowed to collect deposits from the public. An individual or firm an unincorporated association of individuals shall, accept any deposit as per section 45S of RBI Act.
Recent Topic
- Clarification Needed: Reporting Accrued vs Paid FD
- TDS on prize given to participants in Livestock sh
- TDS related matter - 194 IA
- Research: How do CA firms handle GSTR-2B reconcili
- CA FINAL FR IndAS 33 Illustrtion 14
- Taxation on Sale of old Jewellery Received at Marr
- ITR-3 Filling issues
- PF withdrawal and tax liability
- Sale of Goods or Services?
- ITR form query
Related Topics
CAclubindia
