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Question
State whether the following statement is true or false.
A private company can collect deposits from public.
Options
True
False
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Solution
False
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RELATED QUESTIONS
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| CC Company Ltd. is an eligible Public Company as per the Companies Act, 2013 with reference to accepting Public Deposits. |
- Can the company accept deposits in joint names?
- Can the company accept deposits from its members?
- Can the company issue secure deposits?
