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Question
Select the correct answer from the possible choices given below and rewrite the statement :
A company can accept deposits from the existing shareholders and debenture holders upto __________ of the total paid-up capital and free reserves.
Options
10 %
20%
25%
Solution
A company can accept deposits from the existing shareholders and debenture holders upto 10 % of the total paid-up capital and free reserves.
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RELATED QUESTIONS
A company must give receipt for deposit to the depositor within ............................. weeks of its acceptance.
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A private company can accept deposits from public.
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Government company may accept deposits from public up to _______ of aggregate of its paid up capital and free reserve.
State, with reasons, whether the following statements are True or False. (Any Three)
Public deposit is good source for long term fanancing.
Explain the procedure involved in the invitation of deposits.
Explain the procedure relating to the acceptance of deposits.
Explain the procedure involved in the renewal of deposits?
