State whether the following statement is true or false. Eligible public company can collect deposits from public not exceeding 35% of its paidup share capital and free reserves. - Secretarial Practice

MCQ

True or False

State whether the following statement is true or false.

Eligible public company can collect deposits from public not exceeding 35% of its paidup share capital and free reserves.

False

Concept: Terms and Conditions for Acceptance of Deposits

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Chapter 5: Deposits - Exercises [Page 90]

Chapter 5 Deposits
Exercises | Q 1. D) 6. | Page 90

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