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- Acceptance of Deposits from the Members (sec.73 of Companies Act 2013) – Any company can accept deposits from its members, subject to the passing of a resolution in a general meeting and subject to certain specified conditions.
In order to accept deposits from the members, the company has to certify, in circular, that it has not committed any default in the repayment of the deposits received either before or after the commencement of the act or payment of interest on such deposits.
- Acceptance of Deposits from the Public (sec.76 of Companies Act 2013) – Only a public company, having a net worth of not less than one hundred crore rupees OR a turnover of not less than five hundred crore rupees can accept deposits from the public. Such companies are also known as Eligible Companies. Furthermore, they must also pass a special resolution to do so.
What else can I help you with?
What are the types of deposits available in Dubai?
Deposits in Dubai are almost similar to what you can avail in countries across Asia. Fixed deposits, call deposits, recurring deposits and flexible deposits are some of the common types of deposits available in Dubai.
How common is iron in the environment?
Many iron deposits are available in different types of environment
What are some very important natural resources found in Canada?
Canada has many natural resources. Some ( not necessarily in order) are Lumber, oil deposits, gas deposits, water, coal and minerals of many types.
Types of deposits?
The four types of deposits are: Recurring, Fixed, Savings and Current Savings. Deposits refer to the summary or total of the money kept or place in a bank account.
How many departments a company have?
Each bank will be set-up differently, but the general departments are: deposits, lending, and operations. Deposits is often referred to as "retail".
What are the various types of deposits in a private and nationalized bank?
* Savings Account/Checking Account * Current Account * Fixed/Time Deposits * Recurring Deposits
The FDIC insures bank deposits up to how much per deposit?
The FDIC insures deposits up to $250,000 per depositor in any bank. However, some account types are covered differently in many cases.
How many Ferrari types are there?
Currently the company produces six models.
How many syllables in the word deposits?
Deposits has three syllables.
What is an eluvial gemstone deposit and how does it differ from other types of gemstone deposits?
An eluvial gemstone deposit is a type of gemstone deposit formed by the weathering and erosion of rocks containing gemstones, which then accumulate near the surface. This differs from other types of gemstone deposits, such as primary deposits formed deep underground or alluvial deposits found in riverbeds, as eluvial deposits are closer to the surface and do not require extensive mining to access.
What types of produces does the company Tribu sell?
There are many types of products that the company Tribu sells. The company Tribu sells products such as table umbrellas, outdoor chairs, outdoor benches, and outdoor tables.
What types of banks are capable of holding millions of dollars in deposits?
Commercial banks and investment banks are capable of holding millions of dollars in deposits.
