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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 - Secretarial Practice

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प्रश्न

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 have to appoint a Debenture Trustee?

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उत्तर

Yes. Apple Company Ltd. intends to raise secured deposits from the public. The corporation must appoint one or more deposit trustees to protect the depositors' interests.

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Procedure for Accepting Deposits from Public
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 5: Deposits - Exercises [पृष्ठ ९२]

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बालभारती Secretarial Practice [English] Standard 12 Maharashtra State Board
अध्याय 5 Deposits
Exercises | Q 3. 3. b. | पृष्ठ ९२

संबंधित प्रश्न

Answer in one sentence.
Which companies can accept deposits from the public?


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 _____________.


Company has to appoint ______ to protect the interest of depositors.


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 ____________.


Complete the sentence:
Deposits can be accepted or renewed for a period not less than 6 months and not more than ___________.


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.
ABC 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?


Study the following case/situation and express your opinion.

ABC Company Ltd. is an eligible Public Company as per the Companies Act, 2013 with reference to accepting Public Deposits.

Can the company issue secured 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.
What is the maximum period for which they can accept deposits?


State the amount of deposits that different types of companies can collect by way of deposits.


Justify the following statement:

There is a limit or restriction on the amount that a company can collect 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.

  1. Does the company need to get shareholders’ approval for accepting deposits?
  2. Does the company have to appoint a Debenture Trustee? 
  3. Within what period should the company create a charge on its assets?

Study the following case/situation and express your opinion.

SUN Pvt. Ltd. company wants to raise funds through deposits.

  1. Can the company accept deposits from the public?
  2. Which document should the company issue to invite deposits? 
  3. What is the maximum period for which they can accept deposits

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