Reply urgent plzzz

Yes , As per Rule 2 [C] clause (viii) of chapter 5 ,quotes : "loan can be accepted only from director subject to the declaration that it is not out of borrowed fund " as per your question, such loan given out of borrowed funds of director is out of exclusion specified under deposit definition [ Rule 2 C ] Therefore it will be treated as deposit and DPT-4 has to file before 30.06.14

Thanks Rohan...will you please clarify that whether such restriction of accepting deposits apply to all companies or only to pvt cos...

It shall apply to a company other than -
(i) a banking company;
(ii) a non-banking financial company 
(iii) a housing finance company and
(iv) a company specified by the Central Government under the proviso to sub-section (1) of section 73 of the Act.