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Section 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:
Price risk is the risk of a decline in the value of a security or a portfolio. How can one transfer price risk?
Which of the following is not a major sector that the Gujarat International Finance Tec-City (GIFT City) is expected to serve?
How capital adequacy ratio is calculated:
Which organization was set up to manage the Investor Education and Protection Fund?
Which of the following forms a part of Risk Management?
What is the role of the Insurance Ombudsman in India?
Which of the following is a specific provision under Section 9 of the MSMED Act, 2006, aimed at promoting MSME growth?
What is the maximum permissible implementation cost for advanced level, under the scheme that aims to enhance MSMEs’ productivity, efficiency, and com...
The LTV allowed on loans against gold jewellery or gold loans is _____
Which loan does not require the borrower to pay back during their lifetime?