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Start learning 50% faster. Sign in nowSection 73. Prohibition on acceptance of deposits from public: (1) On and after the commencement of this Act, no company shall invite, accept or renew deposit under this Act from the public except in a manner provided under this Chapter: Provided that nothing in this sub-section shall apply to a banking company and non-banking financial company as defined in the Reserve Bank of India Act, 1934 (2 of 1934) and to such other company as the Central Government may, after consultation with the Reserve Bank of India, specify in this behalf. Companies (Acceptance of Deposits) Rules, 2014: Rule 2. Definitions: (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:
Which Article of the Constitution lays down provisions related to protection against arrest and detention?
When a person asserts any fact before the court which gives rise to any legal right or liability, the burden of proof lies on__________?
Which section of the Insurance Act delas with the provision of alterations in the particulars furnished with application for registration to be reported?
Section 175 of CrPC deals with ….
Who can make an application for the initiation of the pre-packaged insolvency resolution process under the IBC?
Which of the following is not true? Admissions:
An amendment to the constitution is__________.
Who is entitled to legal services under the Legal Service Authorities Act?
Which section of SARFAESI Act provides for registration of asset reconstruction company?
According to SEBI(DP) Regulations, 2018 the voting on a resolution in the meeting of the governing board shall be valid only