Acceptance of deposits

Corporate & Other Laws

1. Whether eligible company can also accept unsecured deposits from public? 2. Whether deposits to be renewed every year during its tenure?

Nivedha Balaji

CA Final

★ 9K+

26-Jun-21 20:23

589

Answers (1)

1. It can. Provided such deposits are termed "unsecured deposits" in every circular, form , advertisement etc 2. No Such requirement of renewal

CA YOGITA HARJANI

Faculty

27-Jun-21 13:07