Deposit under section 73 of the Companies Act, 2013

    Posted By : CS Shiriti / Published on : 10-Oct-2018 02:27 AM / View : 65 / Comment : 0
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    'A Private Limited company accepted unsecured loan from its existing two Directors. This is exempt deposit under section 73 of the Companies Act, 2013. Subsequently above two Directors resigned from the Directorship of the Company. Is the loan becomes deposits after their resignation? Is the loan becomes repayable after resignation not to attract deposit Rules ?
    Read more on : companies section under deposit



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