Can eligible public company accept deposits from it's member upto 25% of aggregate of paid up share capital and free reserve?
This query is : Resolved
Rohit sachdeva
(Querist)
29 August 2014
Company can buy back it's securities by following section 68 of companies act 2013. It can also buy back it's securities by following section 391 to 394. In the same manner can a eligible public company accepts deposit from it's member exceeding the limit of 10% but up to 25% of aggregate of paid up share capital and free reserve?
CS Divesh Goyal
(Expert)
30 August 2014
Mail me at will
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csdiveshgoyal@gmail.com
guve u article on this
csdiveshgoyal@gmail.com
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