Public deposits

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article student
34 Points Posted on 25 March 2014
Will the security deposit collected by a public limited company from the employees(refundable) come under public deposits u/s 58A?
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On 25 March 2014 at 09:55 Report
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Registered independent director Past Ch
8229 Points Posted on 25 March 2014

No, it is exempted under Rule 2(b)(v) of Companies (Acceptance of Deposits) Rules 1975.

 

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On 25 March 2014 at 11:02
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article student
34 Points Posted on 25 March 2014
thank you sir#Agarwal ji
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On 25 March 2014 at 11:14

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