| http://www.w3.org/ns/prov#value | - ( Expert )18 May 2012 Rule 2 (b) of Companies (Acceptance of Deposits) Rules, 1975 is extracted below:- (b) deposit means any deposit of money with, and includes any amount borrowed by, a company, but does not include......In view of the above, 'unsecured loan' is a 'deposit' and a private limited company is, therefore, prohibited to accept 'unsecured loans' from outsiders / general public.
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