Acceptance of Scope and provision of Companies (Acceptance of Deposits) Rules, 1975 explained

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....DED DEPRECIATION FROM AGGREGATE OF PAID‑UP SHARE CAPITAL AND FREE RESERVES ARE TO BE DEDUCTED FOR DETERMINING LIMITS UP TO WHICH DEPOSITS CAN BE ACCEPTED Rule 3(2) prescribes the limits up to which a non‑banking non‑financial company can accept deposits. The limits of deposits are to be computed with reference to aggregate of paid‑up share capital and free reserves. Explan....