MCA Circular - Amounts received by private companies from their members, directors or their relatives before 1st April 2014

Posted Date : 30-Mar-2015 , 03:59:53 pm | Posted By CASANSAAR print

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Stakeholders have sought clarifications as to whether amounts received

by private companies from their members, directors or their relatives prior to

1st April, 2014 shall be considered as deposits under the Companies Act, 2013

as such amounts were not treated as 'deposits' under section 58A of the

Companies Act, 1956 and rules made thereunder.
MCA Circular

Category : Companies Act | Comments : 0 | Hits : 652

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