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Select the correct answer from the options given below and rewrite the statement:A __________ Company can accept deposits from public not exceeding 35% of its paid-up share Capital and free reserves..

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Question

Select the correct answer from the options given below and rewrite the statement:
A __________ Company can accept deposits from public not exceeding 35% of its paid-up share Capital and free reserves..

Options

  • Government

  • Private

  • Eligible Public

MCQ
Fill in the Blanks
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Solution

A Government Company can accept deposits from public not exceeding 35% of its paid-up share Capital and free reserves.

shaalaa.com
Procedure for Accepting Deposits from Public
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Chapter 5: Deposits - Exercises [Page 88]

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