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प्रश्न
Justify the following statement
While issuing secured deposits, company has to appoint Deposit Trustee.
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उत्तर
Justification:
(1) A company can accept secured or unsecured deposits which should be clearly mentioned in every circular, form, advertisement, or in any document related to invitation or acceptance of deposits.
(2) If the company intends to issue Secured Deposits, it shall create security in favour of trustees within 30 days of acceptance of deposits. Trustees should ensure about the security of depositors.
(3) If there is any default in repayment, trustees should organize a meeting of depositors.
(4) Thus, it is rightly justified that, while issuing secured deposits, the company has to appoint a Deposit Trustee.
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संबंधित प्रश्न
Answer in one sentence.
When does a company create charge on it’s tangible assets?
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
State whether the following statement is true or false.
Eligible public 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.
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 ______.
Correct the underlined word and rewrite the following sentence.
Minimum tenure of deposit is 36 months.
Arrange in proper order.
a. Appoint Deposit Trustee.
b. Hold General Meeting.
c. Create charge on assets.
Arrange in proper order.
a. Obtain Credit Rating.
b. Entries in Register of Deposits.
c. Issue Deposit Receipt.
Explain the following term/concept.
Eligible Public Company
Justify the following statement.
Company has to fulfill certain provisions related to issue of circular or advertisement.
Answer the following question:
Explain the provisions related to circular or advertisement for inviting deposits.
Give one word or phrase for the following sentence:
Type of company that can accept deposits only from its members or directors.
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?
