Maharashtra State BoardHSC Commerce 12th Board Exam
Advertisement Remove all ads

Study the following case/situation and express your opinion.Apple Company Ltd. is an eligible Public Company. It plans to raise secured deposits from the public. Please advice its Board on the - Secretarial Practice

Advertisement Remove all ads
Advertisement Remove all ads
Short Note

Study the following case/situation and express your opinion.
Apple Company Ltd. is an eligible Public Company. It plans to raise secured deposits from the public. Please advice its Board on the following. 
Does the company need to get shareholders approval for accepting deposits?

Advertisement Remove all ads

Solution

Yes. The company needs to get shareholders' approval for accepting deposits. For this, the Board of Directors can pass a resolution in a general meeting for the approval of accepting deposits

Concept: Procedure for Accepting Deposits from Public
  Is there an error in this question or solution?
Advertisement Remove all ads

APPEARS IN

Balbharati Secretarial Practice 12th Standard HSC Maharashtra State Board
Chapter 5 Deposits
Exercises | Q 3. 3. a. | Page 92
Advertisement Remove all ads
Share
Notifications

View all notifications


      Forgot password?
View in app×