MCA update on deposits by private limited companies
MCA UPDATE ON DEPOSITS BY PRIVATE LIMITED COMPANIES Amounts received by private companies prior to 16t April, 2Ol4 shall not be treated as ‘deposits’ under the Companies Act,2013 GENERAL CIRCULAR 5/2015: DATED 30TH MARCH 2015 1.Stakeholders have sought clarifications as to whether amounts received by private companies from their members, directors or their relatives prior to …