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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.
Within what period should the company create a charge on it’s assets?
Solution
The company has to create a charge on its tangible assets within 30 days of acceptance of deposits.
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Explain the type of companies that can raise deposits along with the maximum amount they can raise as deposits.
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 advise its Board on the following.
- Does the company need to get shareholders’ approval for accepting deposits?
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