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.
What is the age of majority in India as per the law?
Which of the following statement regarding ‘consideration’ in a contract is false?
Which section of the Companies Act delas with the provisions of Periodical Financial Statements?
Vicarious liability of the Director of Company for dishonor of Cheque has been laid down in which of the following cases?
Generally, the rights and obligations of the company are regulated by ___________
With reference to Section 60 of The Indian Evidence Act, 1872, complete the sentence with correct option.
Who can be appointed as the President of the NCLT?
In order to convert a proposal into a promise the acceptance must:
What is the restriction on commission, brokerage, discount, etc., on sale of shares as per the Banking Regulation Act?