by Sailaja | Mar 16, 2015 | Corporate Laws
Position earlier to Companies Act 2013: Earlier, under old Companies Act regime, many companies accepted share application money under private placement and utilized the same for the business purpose even without allotment of shares. Position after enactment of...
by Sailaja | Mar 16, 2015 | Corporate Laws
Majority of Private Limited Companies have accepted unsecured loans from Director’s relatives or from its members as allowed under the provisions of Companies Act, 1956. As per Companies (Acceptance of Deposit) Rules, 2014 as applicable from Ist April 2014 all such...
