Question
For a company to accept deposits from public it should
be an eligible company. So which companies are referred to as the eligible companies?Solution
Companies (Acceptance of Deposits) Rules, 2014: Rule 2. Definitions (1)(e) “eligible company” means a public company as referred to in sub-section (1) of section 76, having a net worth of not less than one hundred crore rupees or a turnover of not less than five hundred crore rupees and which has obtained the prior consent of the company in general meeting by means of a special resolution and also filed the said resolution with the Registrar of Companies before making any invitation to the Public for acceptance of deposits: Provided that an eligible company, which is accepting deposits within the limits specified under clause (c) of sub-section (1) of section 180, may accept deposits by means of an ordinary resolution;
IRDAIÂ has relaxed norms for 'surety bonds', a type of insurance policy protecting parties involved in a transaction or contract from potential financi...
In a Window-based computer, two files cannot be in the same folder if?Â
What is the absolute address of the cell at the intersection of fifth row and fifth column?
Which of these are special-purpose registers in a CPU? Â
The first computer virus is
Expansion cards are inserted into
Which electronic device processes card payments at retail locations?
Hard disk are organized asÂ
Specialized software used to locate and retrieve information online is known as:
Which key is used to delete characters to the left of the cursor?
