Comment on the following with reference to the provisions of the Companies Act, 2013: Any listed company can accept deposits from the public up to its net worth.

According to Section 76(1) of Companies Act, 2013 read with Rule 3(4) the Companies (Acceptance of Deposits) Rules, 2014, an eligible company, as defined, can accept deposits only up to 10% of its paid-up share capital, free reserves and securities premium account from its members and up to 25% of its paid-up share capital, free reserves and securities premium account from the public. As the section has not made any separate provision for listed companies the prescribed limit is applicable to the listed companies if it is an eligible company. Hence, the statement that any listed company can accept deposit from the public up to its net worth is not correct.