alleryStart learning →After issuing the circular, what may a company not reserve a right to do?
AAlter terms against the depositor
BRenew deposits on request
CAccept deposits in joint names
DRepay deposits before maturity
Answer & Solution
Correct answer: A. Alter terms against the depositor
Rule 3(7) bars the company from keeping a right to change deposit terms to the depositor's prejudice once the circular is issued and deposits accepted.
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