https://www.taxtmi.com/circulars?id=10919 Amounts received by a private company from its directors and shareholders fall outside the definition of deposits under rule 2(b)(ix) and are not subject to the limits specified in rule 3, so a private company accepting funds only from its directors and shareholders need not treat those receipts as deposits for compliance with the rule 3 ceiling. en-us Thu, 21 Oct 1976 00:00:00 +0530 Fri, 17 Jun 2011 17:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10919 Amounts received by a private company from its directors and shareholders fall outside the definition of deposits under rule 2(b)(ix) and are not subject to the limits specified in rule 3, so a private company accepting funds only from its directors and shareholders need not treat those receipts as deposits for compliance with the rule 3 ceiling. Circulars Companies Law Thu, 21 Oct 1976 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10919