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प्रश्न
State any four terms and conditions regarding acceptance of deposit.
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उत्तर
- Period/Tenure of Deposit: No deposit can be accepted or renewed that is to be repaid within a period of six months or more than thirty-six months. In certain circumstances, a company may accept deposits repayable earlier than six months to meet its short-term needs. Such deposits must have a tenure of at least three months, and the amount of such deposits cannot exceed 10% of the aggregate of the company’s paid-up share capital and free reserves. Under certain circumstances, at the depositor’s request, the company may make premature repayment of deposits. The company may also renew its deposits with the same terms of issue, which will be considered fresh deposits.
- No demand deposit: Company cannot accept or renew deposits repayable on demand.
- Secured or Unsecured Deposit: A company can accept a secured or unsecured deposit, which should be clearly mentioned in the circular or advertisement inviting deposits. If the company offers secured deposits, it must create a charge on its tangible assets within 30 days of accepting deposits.
- Application Form: A company has to provide an application form. It should contain a declaration by the applicant that the deposit he is making is not made out of any money he borrowed from another person.
- Joint names: Company can accept deposits in the joint names of depositors. But there should not be more than 3 names.
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संबंधित प्रश्न
When should a company file Return of Deposit?
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.
Time within which company has to issue deposit Receipt
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.
Deposit can be accepted for a maximum of 36 months.
State whether the following statement is true or false.
Deposit Receipt is issued within 21 days of receipt of deposits.
State whether the following statement is true or false.
Company appoints Credit Rating Agency to protect the interest of depositors.
Select the correct option from the bracket.
| Group 'A' |
Group 'B' |
|
a) Government Company |
1) ___________________ |
|
b) ___________________ |
2) Deposits from members |
|
c) 36 months |
3) ___________________ |
|
d) ___________________ |
4) Charge on tangible assets |
|
e) Return of deposit |
5) __________________ |
(File on or before 30th June, Private Company, Secured deposits, Deposits from public, Maximum tenure of deposits.)
Correct the underlined word and rewrite the following sentence.
Charge on assets is created when company issues unsecured deposit.
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.
Secured Deposit
Explain the following term/concept.
Charge on tangible assets
Explain the following term/concept.
Deposit Insurance
Give one word or phrase for the following sentence:
Type of company that can accept deposits only from its members or directors.
