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Sources of Corporate Finance — Secretarial Practice STD 12 Commerce / Arts — Question

Maharashtra BoardEnglish MediumSTD 12 Commerce / ArtsSecretarial PracticeSources of Corporate Finance1 Mark
Question
Who can accept the deposit?
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Answer

A public company having a net worth of not less than 100 crore rupees or a turnover of not less than 500 crore rupees; has obtained the prior consent of shareholders and resolution filed with Registrar before inviting deposits can accept deposits.

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