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Study the following case/situation and express your opinion.SUN Pvt. Ltd. company wants to raise funds through deposits.Which document should the company issue to invite deposits? - Secretarial Practice

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Question

Study the following case/situation and express your opinion.
SUN Pvt. Ltd. company wants to raise funds through deposits.
Which document should the company issue to invite deposits?

One Line Answer

Solution

In the above case, SUN Pvt. Ltd. is a private limited company. Thus, it should issue a circular to invite deposits from its members.

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Procedure for Accepting Deposits from Public
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Chapter 5: Deposits - Exercises [Page 92]

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