alleryStart learning →Section 76A also punishes which act besides improper acceptance?
AFailure to repay in time
BLate holding of the AGM
CLate filing of returns
DLate payment of fees
Answer & Solution
Correct answer: A. Failure to repay in time
Failure to repay a deposit or interest within the time fixed under section 73 or 76 is also an offence under section 76A.
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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?