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प्रश्न
Study the following case/situation and express your opinion.
Moon Private Ltd. Company wants to raise funds through deposits:
- Can the company accept deposits from the public?
- Which document should the company issue to invite deposits?
- What is the maximum period for which company can accept deposits?
मामले का अध्ययन
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उत्तर
- No, since Moon Pvt. Ltd. is a private limited company, it cannot accept deposits from the public. However, it is allowed to accept deposits from its members, directors, or relatives of directors.
- Moon Pvt. Ltd. must issue a circular when inviting deposits.
- The company can accept deposits for a maximum tenure of 36 months, that is, 3 years.
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