alleryStart learning →Which detail must the circular to members under section 73(2) include?
AMarket price of its shares
BCredit rating obtained
CNumber of its branches
DPromoter shareholding detail
Answer & Solution
Correct answer: B. Credit rating obtained
The circular must carry the company's financial position, the credit rating obtained and the number of depositors with amounts due on earlier deposits.
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Related questions
Where must a company inviting public deposits upload the circular?A deposit circular stays valid for how long after the financial year closes (at most)?Who signs the circular copy sent to the Registrar under Rule 4(5)?On whose authority and name must a deposit circular be issued?An eligible company's public deposit circular is issued in which form?A section 73(2) company can send its member circular by which mode?After issuing the circular, what may a company not reserve a right to do?Who alone is entitled to brokerage on deposits procured for a company?