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प्रश्न
Justify the following statement:
There is a limit or restriction on the amount that a company can collect as deposits.
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उत्तर
- Private Company: A private company can accept deposits from its members up to 100% of the aggregate of its paid-up share capital, free reserves, and securities premium account.
- Public Company: A public company can accept deposits from its members up to 35% of the aggregate of its paid-up share capital, free reserves, and securities premium account.
- Eligible Company: An eligible public company (which meets the prescribed net worth and turnover conditions) can accept deposits from the public up to 25% of the aggregate of its paid-up share capital, free reserves, and securities premium account.
It can also accept deposits from its members up to 10% of the aggregate of its paid-up share capital, free reserves, and securities premium account. - Government Company: A government company can accept deposits up to 35% of the aggregate of its paid-up share capital, free reserves, and securities premium account.
Thus, there are specific limits and restrictions on the amount of deposits a company can collect to ensure financial stability, transparency, and protection of stakeholders’ interests.
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संबंधित प्रश्न
Answer in one sentence.
What is the maximum deposit the Government company can collect?
Answer in one sentence.
Within what period should a company issue Deposit Receipt?
Select the correct answer from the options given below and rewrite the statement:
Eligible public company and Government Company can collect deposits from _____________.
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..
Deposit can be accepted for a minimum of 6 months and a maximum for ______ months.
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 ____________.
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.
| Apple Company Ltd. plans to raise funds through Public Deposits. Its net worth is ₹10 Crores. |
- Can they accept deposits from the public?
- Can they accept deposits that mature after 4 years?
- Within what period should the company issue deposit Receipts to its depositors?
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.
Within what period should the company create a charge on it’s assets?
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?
State the amount of deposits that different types of companies can collect by way of deposits.
Explain the type of companies that can raise deposits along with the maximum amount they can raise as 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 advise its Board on the following.
- Does the company need to get shareholders’ approval for accepting deposits?
- Does the company have to appoint a Debenture Trustee?
- Within what period should the company create a charge on its assets?
