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प्रश्न
Explain the following term/concept.
Deposit Trustee
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उत्तर
(1) Every company inviting deposits under section 73, of Companies Act 2013, shall appoint deposit trustees for creating security for its deposits, which shall be mentioned on the circular. Written consent shall be obtained from the trustee before their appointment.
(2) A deposit trust deed has to be signed at least 7 days before the issue of the circular. Deposit trustees cannot be removed after the issue of circular / advertisement and before the expiry of his term except with unanimous consent of all directors present at the meeting of the Board, which shall include an independent director if any.
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संबंधित प्रश्न
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:
For premature repayment of deposit, company deducts __________ % of interest.
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.
Maximum 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.
Document issued by a company to invite its members to subscribe for its Deposits.
Government company can collect deposits from its members.
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.
For secured deposits, company has to create a charge on its tangible assets.
Explain the following term/concept.
Tenure of Deposit
Explain the following term/concept.
Secured Deposit
Explain the following term/concept.
Charge on tangible assets
Answer in brief.
State the provisions regarding appointment of Deposit Trustee.
State any four terms and conditions regarding acceptance of deposit.
Justify the following statement.
Company has to fulfill certain provisions related to issue of circular or advertisement.
Justify the following statement
While issuing secured deposits, company has to appoint Deposit Trustee.
Give one word or phrase for the following sentence:
Type of company that can accept deposits only from its members or directors.
