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Question
Study the following case/situation and express your opinion.
Apple Company Ltd. is an eligible Public Company. It plans to raise secured deposits from the public. Please advice its Board on the following.
Does the company need to get shareholders approval for accepting deposits?
Solution
Yes. The company needs to get shareholders' approval for accepting deposits. For this, the Board of Directors can pass a resolution in a general meeting for the approval of accepting deposits
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Study the following case/situation and express your opinion:
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