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Acceptance of deposits
Corporate & Other Laws
As per companies rules (acceptance of deposits), 2014,Rule 2(1) (C) viii clause Here money so accepted means what? Is it funds which are given by the director of the company or relative of the director of pvt company? OR It is the amount of funds accepted by way of loans. Here by I'm attaching file for clarity.
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Best Answer
Here money so accepted means- The money that should be accepted from the person who is director of the company or relative of the director of the private company- Whose funds should not come from borrowing or acceptance of deposits or loans by him[director..]from others..
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