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Query on companies act, 2013
Hi, first of all amount given to another company by one company is not a deposit.....
Secondly, for your queries you refer to sec 185 and sec 186 of the CA 2013 and relevant rules.....
If after going through the same, you stil have any query, post here.....
Dear sir/madam,
I have an query about acceptance of advances from director who is also a shareholder in that private company .
What is the query?
| Originally posted by : P C Agrawal | ||
 |
What is the query? |
 |
I have doubt about for procedure for incorporation section 8 company.
Yes you can accept advance/ loan from a Director of the Company. However, Director has to give a declaration that the amount which he is giving is his own money and not borrowed from any where. Please see deposit rules for specific wording of the declaration.
What's your doubt?
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