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In view of the clarification received from MCA vide General Circular 05/2015 dated 30.0.3.2015, can we conclude that any Inter Corporate Deposits wherein the Directors are interested received prior to the notification of the section 185 i.e 12.09.2013 are also exempted ??

Section 185- Loan to directors, etc.

Posted By: V. ramkumar 9 year(s) ago

This question has been closed if you want to answer,you have to re-open.


Expert    Ankit Singhi

Inter corporate deposits are not covered either under Companies Act, 1956 nor under Companies Act, 2013.

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