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CAN A PRIVATE COMPANY RECEIVE DEPOSIT FROM ITS SHAREHOLDER? IS YES WHAT ARE CONDITION TO BE COMPLIED WITH?

Section 73- Prohibition on acceptance of deposits from public.

Posted By: Amarnath jha 9 year(s) ago

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


    AMRUT PARAKH

Yes, A Private Limited company accept deposit from its Members. Limit is only upto 25% of paidup capital and free reserves. such dpeosit can accept by full fill certion conditions given under deposit rules.

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