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Question
A Company cannot accept deposit for more than ______ months.
Options
24
36
45
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Solution
A Company cannot accept deposit for more than 36 months.
Explanation:
According to the Companies Act, 2013, and the rules related to acceptance of deposits, a company can accept deposits from members for a period not less than 6 months and not more than 36 months.
Therefore, the maximum period for which a company can accept a deposit is 36 months.
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