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Companies Act-Phase (I & II) Share capital and debentures Add to Study Deck

No deposits are repayable earlier than……………….from the date of such deposits or renewal thereof

3 months

6 months

12 months

1 year

Explanation:

No Company shall accept or renew deposit, which is repayable on demand or upon the receipt of notice within a period of less than 6 months or more than 36 months from the date of acceptance of deposit. ii. such deposits are repayable not earlier than three months from the date of such deposits or renewal thereof.