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Explain the type of companies that can raise deposits along with the maximum amount they can raise as deposits. - Secretarial Practice

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प्रश्न

Explain the type of companies that can raise deposits along with the maximum amount they can raise as deposits.

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उत्तर

According to the Companies Act, 2013, four types of companies can raise deposits within specified limits. A private company can accept deposits from its members, directors, or their relatives up to 100% of paid-up share capital and free reserves. A public company (other than an eligible public company) can accept deposits from its members up to 35% of paid-up share capital and free reserves. An eligible public company can accept deposits from members up to 10% and from the public up to 25% of paid-up share capital and free reserves. A government company can accept deposits from the public up to 35% of its paid-up share capital and free reserves.

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Procedure for Accepting Deposits from Public
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अध्याय 5: Deposits - Exercises [पृष्ठ ९२]

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बालभारती Secretarial Practice [English] Standard 12 Maharashtra State Board
अध्याय 5 Deposits
Exercises | Q 6. 1. | पृष्ठ ९२

संबंधित प्रश्न

Answer in one sentence.
Which companies can accept deposits from the public?


Answer in one sentence.
What is the maximum deposit the Government company can collect?


Select the correct answer from the options given below and rewrite the statement:
A __________ Company can accept deposits from public not exceeding 35% of its paid-up share Capital and free reserves..


Company has to appoint ______ to protect the interest of depositors.


Select the correct answer from the options given below and rewrite the statement:
Deposit Receipt is issued within ______________ days of receipt of deposit


Match the pairs.

Group 'A'

Group 'B'

a) Private Company

10% of aggregate of paid-up share Capital + free reserves

b) Deposit Trust Deed

Signed at least 7 days before issuing advertisement

c) Secured Deposit

Maximum 30 months

d) Tenure of deposit

Charge on tangible assets

e) Return of Deposit

100% aggregate of paid-up share capital + free reserves

 

File on or before 31st March every year

 

Signed 21 days after issuing advertisement

 

Maximum 36 months

 

Charge on intangible assets

 

File on or before 30th June every year


Complete the sentence:
A Government company can accept deposits from public not exceeding ____________.


Complete the sentence:
Deposits can be accepted or renewed for a period not less than 6 months and not more than ___________.


Correct the underlined word and rewrite the following sentence.
Government Company can accept deposit from members.


Arrange in proper order:

(a) File Return of deposit

(b) Issue Deposit Receipt

(c) Issue advertisement.


Study the following case/situation and express your opinion.
ABC Company Ltd. is an eligible Public Company as per the Companies Act, 2013 with reference to accepting Public Deposits.
Can the company accept deposits in joint names?


Study the following case/situation and express your opinion.
ABC Company Ltd. is an eligible Public Company as per the Companies Act, 2013 with reference to accepting Public Deposits.
Can the company accept deposits from it’s members?


Study the following case/situation and express your opinion.

Apple Company Ltd. is an eligible Public Company. It plans to raise secured deposits from the public. Please advice its Board on the following.

Does the company need to get shareholders approval for accepting deposits?


Study the following case/situation and express your opinion.
Apple Company Ltd. is an eligible Public Company. It plans to raise secured deposits from the public. Please advice its Board on the following. 
Does the company have to appoint a Debenture Trustee?


Study the following case/situation and express your opinion.
SUN Pvt. Ltd. company wants to raise funds through deposits.
Can the company accept deposits from the public?


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