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Question
Write a word or a term or a phrase which can substitute the following statement.
A company which can accept deposits from its members, directors, or their relatives not exceeding 100% of aggregate of paid up share capital and free reserves.
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Solution
Private Company
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RELATED QUESTIONS
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Secured Deposit
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Deposit Repayment Reserve Account.
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State the provisions regarding appointment of Deposit Trustee.
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Company has to fulfill certain provisions related to issue of circular or advertisement.
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Companies have to create a charge on their tangible assets while issuing secured deposits.
Arrange in Proper Order:
(a) Payment of Deposits
(b) Deposit Receipt
(c) Acceptance of Deposit
