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Deposit / loan : deemed public company (ca, 1956 and ca, 2013)

(Querist) 20 August 2014 This query is : Resolved 
Please confirm the following,

whether the Loan from Director to deemed public Company was permitted under old act (CA, 1956) ?

whether the Loan from members to deemed public Company was permitted under old act (CA, 1956)without following any procedure ?

Please confirm, whether the Loan from members (received on 01.04.2014 without following procedure) to deemed public Company is permitted under New act (CA, 2013)?
Report Abuse
Devajyoti Barman (Expert) 20 August 2014
pure academic query............
Rajendra K Goyal (Expert) 21 August 2014
Academic query.
Rajendra K Goyal (Expert) 21 August 2014
Academic query.
malipeddi jaggarao (Expert) 22 August 2014
Please read Company Act 1956.

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