The vishal jain (22 Points)
20 April 2019
Jatin Bajaj
(CS)
(2930 Points)
Replied 22 April 2019
As the Private Company cannot accepts the deposits from the public as it is restricted by the articles tough it is deemed public Company. However, the eligible public Company who is having turnover of 100 crore rupee or more or net worth of more than 500 crore rupee or more may accept the deposits from public.
The vishal jain
(22 Points)
Replied 24 April 2019
Jatin Bajaj
(CS)
(2930 Points)
Replied 26 April 2019
NO, private Company cannot raise deposit from the public.
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