what is ceiling limit of acceptance deposit for companies other than eligible companies?
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Quick Summary
This discussion clarifies the ceiling limit for accepting deposits in companies that are not classified as 'eligible companies'. The general rule is that these companies can accept deposits up to 25% of their paid-up capital and free reserves, provided they also comply with specific conditions outlined in Section 73(2) (a) to (e). An amendment was noted, suggesting private companies might have different regulations under Rule 3(3).
In case of other than eligible companies, the ceiling limit of acceptance for deposit - 25% of paid up capital & free reserve and compliance of section 73(2) a to e points