Advertisements
Advertisements
प्रश्न
Answer the following question:
Explain the provisions related to circular or advertisement for inviting deposits.
Advertisements
उत्तर
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. The provisions related to circular or advertisement for inviting deposits are as follows:
(a) Contents of circular or advertisement: Statement about the financial position of the company. The portion of secured and unsecured deposits of fresh issues.
Credit rating obtained from a Credit Rating Agency (only for an eligible public company). Details of the scheme. Name of Deposit Trustees.
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 with the Registrar of Companies.
The advertisement or circular shall be signed by the majority of directors or their authorized agents.
(c) Issue of circular or advertisement: The Company can issue circular or advertisement, only after 30 days of filling a copy of the circular or advertisement with the Registrar of Company (ROC).
A company can send the circular to all its members by registered post, speed post, or electronically.
In addition, the company has to publish the circular as an advertisement in newspapers in English and vernacular language.
(d) The validity of Circular or Advertisement: The circular or advertisement shall be valid till the expiry of six months from date of closure of financial year or till the financial statement of the company is laid before AGM of the company, whichever is earlier. After that, fresh circular or advertisement should be published Rule 46) of Companies (Acceptance of Deposits) Rules, 2014.
APPEARS IN
संबंधित प्रश्न
Answer in one sentence.
When does a company create charge on it’s tangible assets?
Answer in one sentence.
What is Deposit Repayment Reserve Account?
Return of deposit must be filed every year on or before ______.
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.
Company which can accept deposits from public up to 35% of its paid-up share capital and free reserves.
Write a word or a term or a phrase which can substitute the following statement.
Minimum tenure of a deposit.
Write a word or a term or a phrase which can substitute the following statement.
Period within which a company has to create a charge on its tangible assets
Write a word or a term or a phrase which can substitute the following statement.
Agreement between company and Deposit Trustee.
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.
Deposit can be accepted for a maximum of 36 months.
Complete the sentence:
Agency which gives ratings of the deposits of a company is called ______________.
Select the correct option from the bracket.
| Group 'A' |
Group 'B' |
|
a) Government Company |
1) ___________________ |
|
b) ___________________ |
2) Deposits from members |
|
c) 36 months |
3) ___________________ |
|
d) ___________________ |
4) Charge on tangible assets |
|
e) Return of deposit |
5) __________________ |
(File on or before 30th June, Private Company, Secured deposits, Deposits from public, Maximum tenure of deposits.)
Correct the underlined word and rewrite the following sentence.
Company appoints Credit Rating Agency to protect the interest of Depositors.
Explain the following term/concept.
Tenure of Deposit
Explain the following term/concept.
Deposit Repayment Reserve Account.
State any four terms and conditions regarding acceptance of deposit.
Justify the following statement.
Companies have to create a charge on their tangible assets while issuing secured deposits.
Find the odd one.
