According to the Companies Act, 2013, which type of company is prohibited from accepting deposits from the public?a.Public companyb.Private companyc.Government companyd.Non -Profit company
Question
According to the Companies Act, 2013, which type of company is prohibited from accepting deposits from the public?a.Public companyb.Private companyc.Government companyd.Non -Profit company
Solution
According to the Companies Act, 2013, a Private company is prohibited from accepting deposits from the public. So, the answer is b. Private company.
Similar Questions
The deposits that are raised by organizations directly from the public are known asa.Public depositsb.Private depositsc.Public depositsd.Bank deposits
Which among the following entities other than banks is/are permitted by RBI to accept deposits and lend money? a. Co-operative Credit Societies b. NBFC
This refers to the unsecured deposits invited by companies from the people mainly to finance working capital needs.Select one:a.equity sharesb.loansc.public depositd.trade credit
One of the differences between the public and private limited companies is
Which among the following does not qualify as a para banking activitya.deposit acceptanceb.referral servicesc.locker facilityd.ATM facility
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.