Deposits

Corporate & Other Laws

If any amount received as unsecured loan from the member will be considered as deposits?

Kamal Kumar

CA Inter

★ 7K+

17-Mar-23 21:48

492

Answers (1)

Yes, its deposit provided it does not fall in any of the exceptions given in Rule 2 of Companies (Acceptance of deposits) Rules, 2014

CA YOGITA HARJANI

Faculty

20-Mar-23 14:04

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