Is it illegal for the unit to raise funds from employees?

Legal analysis: According to the criminal law, the crimes related to illegal fund-raising include: the crime of illegally absorbing public deposits, the crime of fund-raising fraud, etc. Companies raise funds from employees and other specific personnel for production and operation, which is generally a legal private lending relationship. However, if employees and their relatives and friends knowingly absorb funds from unspecified objects without stopping them, they may also turn into criminal acts.

Legal Basis: Interpretation of Several Issues Concerning the Specific Application of Law in the Trial of Criminal Cases of Illegal Fund-raising Article 1 An act of absorbing funds from the public (including units and individuals) in violation of the national financial management laws shall be deemed as "illegally absorbing public deposits or absorbing public deposits in disguised form" as stipulated in Article 176 of the Criminal Law, unless otherwise stipulated in the Criminal Law: (1) absorbing funds without the approval of relevant departments according to law or borrowing legal business forms; (two) through the media, promotion meetings, leaflets, mobile phone messages and other means to promote to the society; (3) Commitment to repay the principal and interest or pay the return in the form of currency, material object or equity. In a certain period of time; (four) to absorb funds from the public, that is, the social unspecified objects.

It is not illegal or disguised to absorb public deposits by absorbing funds from relatives, friends or units to specific objects without publicity to the society.