Define the term ‘deposit’ under the provisions of the Companies Act, 2013 and comment with relevant provisions that the following amount received by a company will be considered a deposit or not;
(i) ` 5,00,000 raised by Rishi Ltd. through the issue of non-convertible debenture not constituting a charge on the assets of the company and listed on a recognized stock exchange as per applicable regulations made by the Securities and Exchange Board of India.
(ii) ` 2,00,000 received from Mr. T, an employee of the company who is drawing an annual salary of ` 1,50,000 under a contract of employment with the company like non-interest bearing security deposit.
(iii) Amount of ` 3,00,000 received by a private company from a relative of a Director, declared by the depositor as out of gift received from his mother.