58 a public deposit

GIRISH (Querist) 01 December 2012 This query is : Resolved
A Public Ltd Company accepted Deposits from Public In month of October without complying with law provisions. What are the consequences and remedy available to Company.

Follow Query

Report Abuse

ajay sethi (Expert) 01 December 2012
academic query

R.K Nanda (Expert) 01 December 2012
state full facts.

GIRISH (Querist) 01 December 2012
Full facts of case
Company accepetd deposits of Rs. 2.5 Cr in month of Oct 2012 with out any compliance such as issue of advertisment, so company wants to do all compliance, applicable to acceptence of deposits.

Guest (Expert) 01 December 2012
If you know provisions of sec.58A, you could also have got the answer by going through subsequent sections. You may better read sections 58AA & 58AAA for solution to your query.

Raj Kumar Makkad (Expert) 01 December 2012
I have nothing to add as all experts have clearly shown you mirror.

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Ask Query
Unanswered Queries