alleryStart learning →On whose authority and name must a deposit circular be issued?
ARegistered valuer
BManaging director alone
CCompany secretary alone
DBoard of directors
Answer & Solution
Correct answer: D. Board of directors
Rule 4(4) forbids any deposit circular unless issued on the authority and in the name of the Board of directors.
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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)?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?Deposit interest and brokerage may not exceed the maximum set by whom?