Question : Forbids the acceptance of deposits from individuals other than its members, directors, or their relatives, for:
Option 1: Public Company
Option 2: Private Company
Option 3: Government Company
Option 4: Investment Company
Answer (1)
17th Jan, 2024
Correct Answer: Private Company
Solution : Prohibits any invitation or acceptance of deposits from a person other than its member, Directors or their relatives for private company.
Hence the correct answer is option 2.
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