Explain the type of companies that can raise deposits along with the maximum amount
they can raise as deposits.
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Answer:
Government Eligible Company can accept or renew deposits, together with existing deposits, up to 35% of aggregate of its paid-up capital and free reserves. Every Eligible Company intending to invite deposits shall issue a circular in the form of an advertisement in Form DPT-1
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Explanation:
Type of companies that can raise deposits along with the maximum amount they can raise as deposits are as follows: (a) Private Company: A private company can accept deposits from its members not exceeding 100% of the aggregate of the paid-up share capital and free reserves.
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