alleryStart learning →A deposit circular stays valid for how long after the financial year closes (at most)?
ASix months
BOne year
CNine months
DThree months
Answer & Solution
Correct answer: A. Six months
Validity ends six months after the close of the financial year of issue or on the date the annual general meeting is held or due, whichever is earlier.
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Related questions
Where must a company inviting public deposits upload the circular?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?Deposit interest and brokerage may not exceed the maximum set by whom?