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Fixed Deposits

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 April 2010 is secured deposites covered under section 58A of Companies Act 1956?i need the source of reply also?
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Rasesh

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Rasesh (Expert)
23 April 2010 what is secured deposits. Please elaborate the term.
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Ankur Garg

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Ankur Garg (Expert)
23 April 2010 Secured deposit is nowhere defined in company law and accordingly there are no provisions for the same.
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