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Rule 2(1)(c)- Companies (Acceptance of Deposits Rules),2014: (c) “deposit” includes any receipt of money by way of deposit or loan or in any other form, by a company, but does not include – (i) any amount received from the Central Government or a State Government, or any amount received from any other source whose repayment is guaranteed by the Central Government or a State Government, or any amount received from a local authority, or any amount received from a statutory authority constituted under an Act of Parliament or a State Legislature; (ii) any amount received from foreign Governments, foreign or international banks, multilateral financial institutions (including, but not limited to, International Finance Corporation, Asian Development Bank, Commonwealth Development Corporation and International Bank for Industrial and Financial Reconstruction), foreign Governments owned development financial institutions, foreign export credit agencies, foreign collaborators, foreign bodies corporate and foreign citizens, foreign authorities or persons resident outside India subject to the provisions of Foreign Exchange Management Act, 1999 (42 of 1999) and rules and regulations made there under; (iii) any amount received as a loan or facility from any banking company or from the State Bank of India or any of its subsidiary banks or from a banking institution notified by the Central Government under section 51 of the Banking Regulation Act, 1949 (10 of 1949), or a corresponding new bank as defined in clause (d) of section 2 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (5 of 1970) or in clause (b) of section (2) of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 (40 of 1980) , or from a co-operative bank as defined in clause (bii) of section 2 of the Reserve Bank of India Act, 1934 (2 of 1934); (iv) any amount received as a loan or financial assistance from Public Financial Institutions notified by the Central Government in this behalf in consultation with the Reserve Bank of India or any regional financial institutions or Insurance Companies or Scheduled Banks as defined in the Reserve Bank of India Act, 1934 (2 of 1934); (v) any amount received against issue of commercial paper or any other instruments issued in accordance with the guidelines or notification issued by the Reserve Bank of India; (vi) any amount received by a company from any other company; (vii) any amount received and held pursuant to an offer made in accordance with the provisions of the Act towards subscription to any securities, including share application money or advance towards allotment of securities pending allotment, so long as such amount is appropriated only against the amount due on allotment of the securities applied for.
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'Aman' is 4 years younger than 'Bharti', and 'Bharti' is 8 years younger than 'Chetna'. If the ratio of 'Aman's age 8 years from now to 'Chetna's age 6 ...
A company allowed 9% commission on the total sales made by the salesman and a bonus of 1% on the sales over Rs. 40000. If the salesman deposited Rs. 81...
Monthly savings of X is 70% of his monthly income which is Rs. 5600. If ratio of monthly expenditure of Y and X is 15:8 respectively and monthly savings...
In an examination, Maya scored 42 marks less than Priya. Priya scored 30 more marks than Rohit. Neel scored 90 marks which is 25 marks more than Maya. T...
A man spent 20% of his income in May. If his savings is increased by 20% in June and becomes Rs. 11520, then find the income of man in May.
A spent 25% of his monthly income on study and 70% of the remaining on rent. If amount spent on rent is Rs. 2016, then find the amount spent on study
In an exam, Karan scored 35% marks and failed by 24 marks while Priya scored 75% marks and scored 72 marks more than the passing marks. Find out the pas...
In an election between two candidates 'M' and 'N', 'M' got 68% of the votes and won by 8,820 votes. Find the number of votes received by 'N'.