Unsecured loans in a ltd co

Vikash sir,

Does that unsecured loan falls within the purview of definition of Deposit?

Vikas Sir, 

If Yes, then the link given below may help :

https://www.slideshare.net/ragforever57/loans-deposits?related=2

If No., then according to me if loan now taken, including previously borrowed loan, if total Loan amount does not exceed total Paid-up capital & Free Reserves, than a Limited Co. can borrow unsecured loan.     

[1] I don't know if loans fall within preview of DEPOSITS definition.

      But perhaps -  Ans will be NO.

      they are not deposits. They were given years ago - on inetrest basis.

[2] the paid up capital + reserve is FAR FAR less than loans.

   loans are much much higher.

paid up capital 9-lac

loans - 2-crores ( all family loans from director's family members who are shareholder also)

Dear Sir,

I will confirm with my seniors & refer certain books & reply you by tomorrow.