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प्रश्न
Answer in brief.
State the contents of circular or Advertisement for Deposit
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उत्तर
Circular or Advertisement: If a company invites deposits from its members, it issues a circular. But if it invites deposits from the public, the company has to issue an advertisement.
a) Contents of circular or advertisement:
i) Statement about the financial position of the company
ii) The portion of secured and unsecured deposit of fresh issue
iii) Credit rating obtained from a Credit Rating Agency (only for an eligible public company)
iv) Details of the scheme
v) Name of Deposit Trustees
vi) Amount due towards deposits of any previous deposits accepted by the company.
b) Filing of circular or advertisement with Registrar of Companies: Company has to file a copy of the circular or Advertisement signed by all directors with the Registrar of Companies.
c) Issue of circular or Advertisement: Only after 30 days of filing a copy of circular or Advertisement with the Registrar of Companies, the company can issue the circular or advertisement.
The company can send the circular to the members through registered post, speed post, or as email.
For inviting the public, the company has to publish the advertisement in one English newspaper and one vernacular newspaper having wide circulation in the state where the company's registered office is located.
d) The validity of circular or advertisement: The circular or advertisement is valid for 6 months from the end of the financial year in which it was issued or the date on which the Annual General Meeting was held, whichever is earlier.
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संबंधित प्रश्न
Answer in one sentence.
When does a company create charge on it’s tangible assets?
When should a company file Return of Deposit?
Answer in one sentence.
What is Deposit Repayment Reserve Account?
Select the correct answer from the options given below and rewrite the statement:
Deposit is a type of ______________________.
Write a word or a term or a phrase which can substitute the following statement.
A company which can accept deposits from its members, directors, or their relatives not exceeding 100% of aggregate of paid up share capital and free reserves.
Write a word or a term or a phrase which can substitute the following statement.
Time within which company has to issue deposit Receipt
Write a word or a term or a phrase which can substitute the following statement.
Book which contains details of deposits accepted or renewed.
State whether the following statement is true or false.
A private company can collect deposits from public.
State whether the following statement is true or false.
Deposit can be accepted for a maximum of 36 months.
State whether the following statement is true or false.
For secured deposits, company has to create a charge on its tangible assets.
State whether the following statement is true or false.
Company appoints Credit Rating Agency to protect the interest of depositors.
Find the odd one.
Complete the sentence:
Agency which gives ratings of the deposits of a company is called ______________.
Explain the following term/concept.
Secured Deposit
Explain the following term/concept.
Deposit Insurance
Explain the following term/concept.
Credit Rating
Justify the following statement.
Company has to fulfill certain provisions related to issue of circular or advertisement.
Select the correct option from the bracket.
| Group ‘A’ | Group ‘B’ | ||
| a) | Retained earnings | 1 | ______ |
| b) | ______ | 2 | Written communication |
| c) | 36 months | 3 | ______ |
| d) | ______ | 4 | Charge on assets |
| e) | Cash sales | 5 | ______ |
(Less working capital, Correspondence, Secured debentures, Internal source of finance, Maximum tenure of deposits.)
Arrange in Proper Order:
(a) Payment of Deposits
(b) Deposit Receipt
(c) Acceptance of Deposit
