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An eligible company can accept deposits from the public only up to the following limit of (paid-up + free reserves + securities premium):
Answer & Solution
Correct answer: D.
1. Section 76 read with Rule 3(4) — public deposit ceiling is 25% of paid-up + free reserves + securities premium.
2. Member deposits have a separate 35% ceiling.
3. Hence (B).
_Source: ICAI BoS CA Inter Paper 2 — Acceptance of Deposits_