Deposits — Secretarial Practice STD 12 Commerce / Arts — Question
Maharashtra BoardEnglish MediumSTD 12 Commerce / ArtsSecretarial PracticeDeposits2 Marks
Question
Eligible Public Company
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Answer
These companies can accept deposits from their members and also from the public. Eligible public company means a company having:
A net worth, not less than ₹ 100 crores or
Turnover not less than ₹ 500 crores and which has obtained prior approval of its shareholders through special resolution for accepting public deposits.
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