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Public Deposits

Ashish Mishra (17 Points)

03 April 2021

Can anyone explain the conditions of issue of public deposits ?

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i am Kashif (372 Points)
Replied 15 May 2021

Acceptance of Deposits from Public by Certain Companies (Sec 76)

Has a networth not less than Rs. 100 crore.

Has a turnover not less than Rs. 500 crore.

Has already obtained the consent via Special Resolution in the General Meeting.

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