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Sir , in case of ceiling limit of deposits We know private companies ceiling limit is 100% (paid up share capital + Free reserves ) Does it also includes security premium sir ?
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Also , The Deposit Repayment Reserve Should.be invested 1) 20% (Deposits maturing in Current year + maturing in next financial year ) or 2) 20 % ( deposits maturing during the following financial year ) Which is correct sir ?
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M V NareshAlso , The Deposit Repayment Reserve Should.be invested 1) 20% (Deposits maturing in Current year + maturing in next financial year ) or 2) 20 % ( deposits maturing during the following financial year ) Which is correct sir ?
20% of the amount of its deposits maturing during the following financial year Reference : Sec 73(2)
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