Upto What Limits Can A Company Accept Deposit?

1.	Upto What Limits Can A Company Accept Deposit?
Answer» A Non-Banking Non-Finance COMPANY(Manufacturing Company) can accept DEPOSIT subject to following limits:- UPTO 10% of aggregate of paid-up share capital and free reserves if the deposits are from shareholders or guaranteed by DIRECTORS. Otherwise upto 25% of aggregate of paid-up share capital and free reserves. Non-Banking Finance Company can accept deposits upto following limits:- Equipment Leasing Company can accept four times of its net OWNED fund. A Non-Banking Non-Finance Company(Manufacturing Company) can accept deposit subject to following limits:- Upto 10% of aggregate of paid-up share capital and free reserves if the deposits are from shareholders or guaranteed by directors. Otherwise upto 25% of aggregate of paid-up share capital and free reserves. Non-Banking Finance Company can accept deposits upto following limits:- Equipment Leasing Company can accept four times of its net owned fund.

Answer»

A Non-Banking Non-Finance COMPANY(Manufacturing Company) can accept DEPOSIT subject to following limits:-

UPTO 10% of aggregate of paid-up share capital and free reserves if the deposits are from shareholders or guaranteed by DIRECTORS.

Otherwise upto 25% of aggregate of paid-up share capital and free reserves.

Non-Banking Finance Company can accept deposits upto following limits:-

Equipment Leasing Company can accept four times of its net OWNED fund.

A Non-Banking Non-Finance Company(Manufacturing Company) can accept deposit subject to following limits:-

Upto 10% of aggregate of paid-up share capital and free reserves if the deposits are from shareholders or guaranteed by directors.

Otherwise upto 25% of aggregate of paid-up share capital and free reserves.

Non-Banking Finance Company can accept deposits upto following limits:-

Equipment Leasing Company can accept four times of its net owned fund.

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