Acceptance of deposits from public (Sec 76)
{"Image DocumentName": "Acceptance of deposits from public (Sec 76)", "Image ImageDescription": "Eligible Public company, that is, a public company having networth of not less than Rs 100 crore or Turnover of not less than Rs 500 crore and which has secured special resolution of shareholders, and filed with RoC may accept deposits from public, subject to : Complying with provisions under section 73(2) \u2013 issue circular, etc. Complying with the Companies (Acceptance of Deposits) Rules, Obtaining rating from recognized credit rating agency every year during the tenure of deposits \u2013 for networth, liquidity and repaying ability, Informing the public of such rating. Company accepting secured deposits from Public should secure the deposits by creating a charge on its assets within 30 days of such acceptance.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}