Question

Select the correct answer from the options given below and rewrite the statement:
Private company can accept deposits from its member or Directors upto not more than ___________ % of its aggregate of paid-up share Capital and free reserves.

Options

• 100

• 35

• 25

Answer 1

Private company can accept deposits from its member or Directors upto not more than 100 % of its aggregate of paid-up share Capital and free reserves.