CS
2942 Points
Joined April 2016
as per section 73 of the Companies act 2013 , Read with Companies Deposit Rules, a private Company can accept upto the amount from promoter upto 100% of the agregate of the paid up share capital and free reserves.
but for public company other than the eligible company a Company can accept the deposit upto 35% of the paid up share capital , free reserves and securities premium account of the Company.
eligible company can accept upto 10% of the agregate paid up share capital , free reserves and securities premium of the company