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    Question

    What are Eligible Companies under section 76 of the

    Companies Act, 2013?
    A Public companies having net worth of not less than one hundred crore rupees Correct Answer Incorrect Answer
    B Public companies having turnover of not less than five hundred crore rupees Correct Answer Incorrect Answer
    C Public companies having net worth and turnover of two hundred crore rupees Correct Answer Incorrect Answer
    D Both (a) and (b) Correct Answer Incorrect Answer

    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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