https://www.taxtmi.com/forum/issue?id=120057 Acceptance of funds from directors or their relatives is excluded from deposit regulation when accompanied by a director's declaration that funds are not borrowed; such receipts require disclosure in financial statements and annual reporting in Form DPT-3. Companies may accept deposits from members subject to prescribed compliance and limited exemptions. Companies are broadly prohibited from advancing loans or providing guarantees for directors, relatives or related firms, save for narrowly defined statutory exceptions; breaches attract penalties on the company and officers and necessitate careful procedural compliance before related-party financing. en-us Tue, 27 May 2025 12:28:36 +0530 Tue, 27 May 2025 13:39:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=120057 Acceptance of funds from directors or their relatives is excluded from deposit regulation when accompanied by a director's declaration that funds are not borrowed; such receipts require disclosure in financial statements and annual reporting in Form DPT-3. Companies may accept deposits from members subject to prescribed compliance and limited exemptions. Companies are broadly prohibited from advancing loans or providing guarantees for directors, relatives or related firms, save for narrowly defined statutory exceptions; breaches attract penalties on the company and officers and necessitate careful procedural compliance before related-party financing. Discussion-Forum Companies Law Tue, 27 May 2025 12:28:36 +0530 https://www.taxtmi.com/forum/issue?id=120057