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Mansi (Article) 10 September 2010
Public company can accept it in form of deposits but it should not exceed 10% of aggregate of paid - up capial & free reserves and the interest rate shud not exceed 12.5 % and it has to comply wid Acceptance of Deposits Rules, 1997 (latest Amended)
M attachin it for ur ready go thru it n if u hav ne doubts den do let me know?