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An eligible company as per Section 76, which is accepting deposits within the limits specified under Section 180 (1) (c) may accept deposits by means of………………….
Special resolution and approval of Central Government
“Eligible company” means a public company as referred to in sub-section (1) of section 76, having a net worth of not less than one hundred crore rupees or a turnover of not less than five hundred crore rupees and which has obtained the prior consent of the company in general meeting by means of a special resolution and also filed the said resolution with the Registrar of Companies before making any invitation to the Public for acceptance of deposits:
Provided that an eligible company, which is accepting deposits within the limits specified under clause (c) of sub-section (1) of section 180, may accept deposits by means of an ordinary resolution;
By: Srishti Gupta ProfileResourcesReport error
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