Home > Legal Discussion Forums > Corporate Law Discussions & Advice

deposits from directors,members,relatives-private company-financial limits as per Act

venkateshrao - Member Since: Apr 2011
Subject - deposits from directors,members,relatives-private company-financial limits as per Act
My clents are directors of a private limited company.Due to business expansion they want to know the maximum deposits that can be accepted from the directors, members and their relatives. What are the financial limits imposed by the Companies Act 196( for example : 25 % of paid up capital and reserves)"

venkateshrao
felixadvocates - Member Since: May 2011
Subject - Re: deposits from directors,members,relatives-private company-financial limits as per
Dear Venkatesh Rao,

Let me know what business are you carrying on and in what connection are the directors of the private limited company are depositing ?

M.Felix.C

 


Topic Categories >> 1 °

More replies may exists. Please Login To View All Replies (Forgot Password?) (Enroll & Register)
User Name: Password:

CiteLegal is a community KnowledgeBase available to everyone at no cost.


Sponsor Cite.CO - Contact Us - CiteLegal Index - Privacy Statement - Top - RSS    

Privacy Policy | Disclaimer | Terms Of Service