Dear Sir, This company is a pvt. limited company before and it's changed to public limited. According to indian rules only banking firm can collect deposits from the people. A public limited company can't do the business of banking. They can issue shares but they have to keep a fund of 10% of issued shares. eg- they are collecting 10 lakh rupees from the public they have to register and show 1 crore worth any thing to government.
0 comments