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Public Deposits repayment

Querist : Anonymous (Querist) 19 February 2011 This query is : Resolved 
The question is that if a public company is converted ito a private company,deposits taken from public and outstanding on that should be paid on maturity of the term of deposits or immediately ?
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Advocate. Arunagiri (Expert) 19 February 2011
It will be refunded on maturity.
Sarvesh Kumar Sharma Advocate (Expert) 19 February 2011
depend upon the term & conditions!
Uma parameswaran (Expert) 19 February 2011
It shall be depends upon the terms and conditions.

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