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promoter of company

Malobika Ghosh (112 Points)

07 September 2019

can promoter be owner and creditor of the company?

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Chirag (Professional) (1979 Points)
Replied 14 September 2019

Any money received from promoter or his/her relative shall be considered as deposit unless such money is given to the company on the stipulation of lending institution, Co need to comply deposits regulations

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