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Amounts received by private companies from their members, directors or their relatives before 1st April, 2014 - Clarification regarding applicability of Companies (Acceptance of Deposits) Rules, 2014

Amounts received by private companies from their members, directors or their relatives before 1st April, 2014 - Clarification regarding applicability of Companies (Acceptance of Deposits) Rules, 2014 - Companies Law - 05/2015 - Dated:- 30-3-2015 - Ge .....

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ders. Subject: Amounts received by private companies from their members, directors or their relatives before 1st April, 2014 - Clarification regarding applicability of Companies (Acceptance of Deposits) Rules, 2014 Sir, Stakeholders have sought clari .....

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ection 58A of the Companies Act, 1956 and rules made thereunder. 2. The matter has been examined in consultation with RBI and it is clarified that such amounts received by private companies prior to 1st, April, 2014 shall not be treated as deposits&# .....

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