Jewel Ltd. needs funds for running its business operations. Mr. Sona one of the shareholders of Jewel Limited is ready to provide Loan to Jewel Ltd. The Board is skeptical on availing loan from a shareholder. One of the
CS Professional · Corporate Funding & Listings in Stock Exchanges · PYQS · December 2023
Jewel Ltd. needs funds for running its business operations. Mr. Sona one of the shareholders of Jewel Limited is ready to provide Loan to Jewel Ltd. The Board is skeptical on availing loan from a shareholder. One of the Directors of the Company is of the view that such loan will be treated as a deposit. What is considered as deposit pursuant to the provisions of the Companies Act, 2013 and Rules made thereunder. Can the company accept deposit from its member ? Do you agree with the view of the Director ?
Topics: Companies Act, 2013
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