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Ceiling limit of deposit for companies other than eligible companies?

Shubham Jha (127 Points)

11 February 2021

what is ceiling limit of acceptance deposit for companies other than eligible companies?

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Anjali Jha (15 Points)
Replied 11 February 2021

In case of other than eligible companies, the ceiling limit of acceptance for deposit - 25% of paid up capital & free reserve and compliance of section 73(2) a to e points

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Shubham Jha (127 Points)
Replied 11 February 2021

Thanks anjali but i think the limit is amended...check it

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Anjali Jha (15 Points)
Replied 11 February 2021

Yes. rule 3(3) first proviso ..in private companies only

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