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प्रश्न
Justify the following statement.
Companies have to create a charge on their tangible assets while issuing secured deposits.
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उत्तर
Justification:
- Every company accepting deposits from the public shall create a charge on its tangible assets of an amount not less than the number of deposits accepted in favour of the deposit holders in accordance with such rules as may be prescribed.
- The charge should be created within 30 days of accepting the deposits.
- The minimum amount of security should be equal to the amount not covered by Deposits Insurance. The security is created in favour of the Deposit Trustee.
- Thus, it is rightly justified that, companies have to create a charge on tangible assets while issuing secured deposits.
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.
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.
Document issued by a company to invite its members to subscribe for its Deposits.
Write a word or a term or a phrase which can substitute the following statement.
Time within which company has to issue deposit Receipt
Return of deposit must be filed every year on or before 31st March.
State whether the following statement is true or false.
Eligible public company can collect deposits from its members.
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.
Deposit Receipt is issued within 21 days of receipt of deposits.
Find the odd one.
Complete the sentence:
Agency which gives ratings of the deposits of a company is called ______________.
Complete the sentence:
Account which is used only for repaying deposits is called ______.
Explain the following term/concept.
Charge on tangible assets
Explain the following term/concept.
Deposit Insurance
Explain the following term/concept.
Credit Rating
Justify the following statement
While issuing secured deposits, company has to appoint Deposit Trustee.
Find the odd one.
Study the following case/situation and express your opinion.
| CC 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?
- Can the company accept deposits from its members?
- Can the company issue secure deposits?
