Loan from Directors / Members : Deemed Public Company (Old act & New Act)

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  1. Shital

    Shital Member

    Dear Sir,

    A deemed Public Company (u/s 43A (1A) of CA,1956) has received Loan from Director(s) / Members before May, 2013 and after March, 2014.

    Can you please explain the status of aforesaid money w.r.t. deposit under old act (1956) and New act (2013).

    Is there any If any violation of law ?

    You are also requested to provide the procedure need to be followed by the Company, If any violation, etc.

    Many many thanks,
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