{"id":673,"date":"2022-06-20T14:33:40","date_gmt":"2022-06-20T14:33:40","guid":{"rendered":"https:\/\/udyogmentor.com\/?p=673"},"modified":"2022-06-20T14:33:40","modified_gmt":"2022-06-20T14:33:40","slug":"deposit-under-the-companies-act","status":"publish","type":"post","link":"https:\/\/udyogmentor.com\/community\/deposit-under-the-companies-act\/","title":{"rendered":"Deposit under The Companies Act"},"content":{"rendered":"<p>Provided further that the maximum limit in respect of deposits to be accepted from members shall not apply to following classes of private companies, namely:\u2014<\/p>\n<p>(i) a private company which is a start-up, for five years from the date of its incorporation;<\/p>\n<p>(ii) a private company which fulfils all of the following conditions, namely:\u2014<\/p>\n<ul>\n<li>(a) which is not an associate or a subsidiary company of any other company;<br \/>\n(b) the borrowings of such a company from banks or financial institutions or any body corporate is less than twice of its paid up share capital or fifty crore rupees, whichever is less ; and<br \/>\n(c) such a company has not defaulted in the repayment of such borrowings subsisting at the time of accepting deposits under section 73:<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Provided further that the maximum limit in respect of deposits to be accepted from members shall not apply to following classes of private companies, namely:\u2014 (i) a private company which is a start-up, for five years from the date of its incorporation; (ii) a private company which fulfils all of the following conditions, namely:\u2014 (a)&hellip; <\/p>\n<div class=\"read-more\"><a class=\"more-link\" href=\"https:\/\/udyogmentor.com\/community\/deposit-under-the-companies-act\/\">Read More <span class=\"screen-reader-text\">Deposit under The Companies Act<\/span><\/a><\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[102],"tags":[],"class_list":["post-673","post","type-post","status-publish","format-standard","hentry","category-section-summary","entry"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/udyogmentor.com\/community\/wp-json\/wp\/v2\/posts\/673","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/udyogmentor.com\/community\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/udyogmentor.com\/community\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/udyogmentor.com\/community\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/udyogmentor.com\/community\/wp-json\/wp\/v2\/comments?post=673"}],"version-history":[{"count":0,"href":"https:\/\/udyogmentor.com\/community\/wp-json\/wp\/v2\/posts\/673\/revisions"}],"wp:attachment":[{"href":"https:\/\/udyogmentor.com\/community\/wp-json\/wp\/v2\/media?parent=673"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/udyogmentor.com\/community\/wp-json\/wp\/v2\/categories?post=673"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/udyogmentor.com\/community\/wp-json\/wp\/v2\/tags?post=673"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}