URGENT KINDLY HELP!! source of loan from relative of directors OVERDRAFT AGAINST FIXED DEPOSIT

if a relative has given loan to director out of OVERDRAFT AGAINST FIXED DEPOSIT does that violate acceptance and deposits notification dated 15.09.2015.where it is required to furnishes to the company at the time of giving the money, a declaration in writing to the effect that the amount is not being given out of funds acquired by him by borrowing or accepting loans or deposits