Section 58a

Reshma Yadav (Querist) 07 December 2012 This query is : Resolved
does cetral govt permission is required to take intercompany deposit from public co to public co

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Guest (Expert) 07 December 2012
State full facts of the case, if there is any problem. Even otherwise, while section 58a is quite clear, your Chartered Accountant and the Company Secretary should also have necessary knowledge, if actually your company wants to accept deposits from some public company.

R.K Nanda (Expert) 07 December 2012
state full facts.

Raj Kumar Makkad (Expert) 08 December 2012
RBI Guidelines have specifically issued in such matters. NBFC is required to be formed prior to acceptance of even a single penny from general public so better to visit the official site of RBI.