Public Deposits - Acceptance of ‑ Scope and provision of Companies (Acceptance of Deposits) Rules, 1975

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..... ptance of Deposits) Rules, 1975 explained Rule 2(b)(ix) : WHETHER PRIVATE COMPANY, WHICH ACCEPTS DEPOSITS ONLY FROM ITS DIRECTORS AND SHAREHOLDERS, IS REQUIRED TO COMPLY WITH RULE 3 Query : As per rule 2(b)(ix), any amount received from a person who, at the time of receipt of the amount, was a director of the company or any amount received by a private company from its shareholders, shall .....

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