Monthly archive

March 2015

Amount received by private companies from their members, directors or their relatives before 1st April, 2014 not to be treated as ‘deposits’

March 30, 2015
The Ministry of Company Affairs has issued the following clarification that Amount received by private companies from their members, directors or their relatives before 1st April, 2014 not to be treated as ‘deposits’ under the Companies Act, 2013 and Companies (Acceptance of Deposits) Rules, 2014. General Circular No.05/2015 dtd. 30-Mar-2015
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