Question
What are Eligible Companies under section 76 of the
Companies Act, 2013?Solution
Only a public company, having a net worth of not less than one hundred crore rupees or a turnover of not less than five hundred crore rupees, can accept deposits from the Public. Such kind of public company, for the purpose of Chapter V, shall be referred to as ‘Eligible Company’.
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Read the directions carefully and answer the following question.
Seven persons A, B, C, D, E, F and G are sitting in the straight horizontal li...
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