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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

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प्रश्न

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.
  1. Can the company accept deposits in joint names?
  2. Can the company accept deposits from its members?
  3. Can the company issue secure deposits?
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उत्तर

  1. Yes, the company can accept deposits in the joint names of the depositors. But there should not be more than 3 names.
  2. According to the Companies Act of 2013, CC Company Ltd. is a qualified public company. As a result, it can accept deposits from both its members and the general public.
  3. Yes, the firm can make secured deposits. If a business offers secured deposits, it must create a charge against its tangible assets within 30 days of acceptance.
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Terms and Conditions for Acceptance of Deposits
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2025-2026 (March) Model set 1 by shaalaa.com

संबंधित प्रश्न

Select the correct answer from the options given below and rewrite the statement:
Deposit is a type of ______________________.


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.
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 Receipt is issued within 21 days of receipt of deposits.


Find the odd one.


Find the odd one


Correct the underlined word and rewrite the following sentence.
Company issues advertisement to invite its members for subscribing to its deposits


Correct the underlined word and rewrite the following sentence.
Company appoints Credit Rating Agency to protect the interest of Depositors.


Correct the underlined word and rewrite the following sentence.
Minimum tenure of deposit is 36 months.


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


Explain the following term/concept.
Tenure of Deposit


Explain the following term/concept.

Secured Deposit


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


Justify the following statement.

Company has to fulfill certain provisions related to issue of circular or advertisement.


Justify the following statement
While issuing secured deposits, company has to appoint Deposit Trustee.


Find the odd one.


Give one word or phrase for the following sentence:

Type of company that can accept deposits only from its members or directors.


Arrange in Proper Order:

(a) Payment of Deposits

(b) Deposit Receipt

(c) Acceptance of Deposit


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