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Question

For the acceptance of deposits from public by an eligible company it shall obtain ____________ credit rating for deposits accepted by it and a copy of the rating shall be sent to the Registrar of Companies along with the return of deposits

A Every time Correct Answer Incorrect Answer
B In every six months Correct Answer Incorrect Answer
C At least once in a year Correct Answer Incorrect Answer
D At least twice in a year Correct Answer Incorrect Answer
E At such regular intervals as the RoC may intimate Correct Answer Incorrect Answer

Solution

Companies (Acceptance of Deposits) Rules, 2014: Rule 3. Terms and conditions of acceptance of deposits by companies: (8) (a) Every eligible company shall obtain at least once in a year, credit rating for deposits accepted by it and a copy of the rating shall be sent to the Registrar of Companies along with the return of deposits in Form DPT-3.

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