Introduction on information report of public deposit invited by company
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public deposit means company offers general public to invest money in company by way of deposit and company also give more interest as compared to bank . company share there assets and liabilities information to the general public.
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Public deposits are invited by companies to increase the working funds or the working capital.
A firm usually refers and seeks help from its director and the members to contribute and deposit a certain amount to the working capital for better productivity.
The deposits are also taken from the public in return of an additional rate of interest on the sum.
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