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Question
Select the correct answer from the options given below and rewrite the statement:
Private company can accept deposits from its member or Directors upto not more than ___________ % of its aggregate of paid-up share Capital and free reserves.
Options
100
35
25
MCQ
Fill in the Blanks
Solution
Private company can accept deposits from its member or Directors upto not more than 100 % of its aggregate of paid-up share Capital and free reserves.
shaalaa.com
Procedure for Accepting Deposit from Members
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Chapter 5: Deposits - Exercises [Page 88]
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RELATED QUESTIONS
Complete the sentence:
To invite the public to subscribe for its deposits, a company issues __________________.
Company issues ____________ to invite its members to subscribe for its deposit scheme.
Study the following case/situation and express your opinion.
| ABC Company Ltd. is an eligible Public Company as per the Companies Act, 2013 with reference to accepting Public Deposits. |
- Can the company accept deposits in joint names?
- Can the company accept deposits from its members?
- Can the company issue secure deposits?
