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Government company can collect deposits from its members. - Secretarial Practice

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प्रश्न

Government company can collect deposits from its members.

विकल्प

  • True

  • False

MCQ
सत्य या असत्य
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उत्तर

This statement is False.

Explanation:

Government Company can accept deposits from public not exceeding 35% of the paid up share capital and free reserves of the company.

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Terms and Conditions for Acceptance of Deposits
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 5: Deposits - Exercises [पृष्ठ ९०]

संबंधित प्रश्न

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.
Minimum tenure of a deposit.


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.
Document issued by a company to invite its members to subscribe for its Deposits.


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.


Complete the sentence:
Agency which gives ratings of the deposits of a company is called ______________.


Correct the underlined word and rewrite the following sentence.
Charge on assets is created when company issues unsecured deposit.


Explain the following term/concept.

Secured Deposit


Explain the following term/concept.
Deposit Insurance


Answer in brief.
State the contents of circular or Advertisement for Deposit


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.

Companies have to create a charge on their tangible assets while issuing secured deposits.


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


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