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If a Private Company Have Interest Free Deposit From its Share Holder can its come into the Defination of Deposit.

Fund raising

Posted By: Rajesh chopra 10 year(s) ago

This question has been closed if you want to answer,you have to re-open.


Expert    Ankit Singhi

There cannot be interest free deposit. They can be unsecured loan and if accepted before 1/04/2013 then will not be treated as deposits

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