Question

A private company cannot accept deposits from public true or false

Answer 1

It is true

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Answer 2

Answer:

This statement is true

Explanation:

1. Only public company can accept deposit from general public

2private companies are restricted to accept the deposit from general public

3.as public deposit are general public money , government have responsibility to look after that money

4 government cannot control private company

Hence a private company cannot accept deposit from public.