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Whether a Director of a Public Unlisted Company make a deposit of his own funds in the company and get interest on it? Such company's limits on deposits are well within the limits as prescribed in the Companies(Acceptance of Deposits) Rules,2014. - CS.PR.RAMANATHAN

Fund raising

Posted By: Pr.ramanathan 10 year(s) ago

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Akansha

It is not to be treated as Deposits as per Rule 2 (c) (Viii) of Companies (Acceptance of Deposits) Rules, 2014 otherwise the company can pay interest on the loan

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Comsec

If director is a shareholder of the company, whether it can be treated as Deposit needs to be checked

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