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Explain the following term/concept.
Deposit Receipt
Concept: Sources of Borrowed Capital >> Acceptance of Deposits
Justify the following statement.
Company has to fulfill certain provisions related to issue of circular or advertisement.
Concept: Terms and Conditions for Acceptance of Deposits
Justify the following statement.
Companies have to create a charge on their tangible assets while issuing secured deposits.
Concept: Terms and Conditions for Acceptance of Deposits
Company issues ____________ to invite its members to subscribe for its deposit scheme.
Concept: Procedure for Accepting Deposit from Members
Select the correct option from the bracket.
| Group ‘A’ | Group ‘B’ | ||
| a) | Retained earnings | 1 | ______ |
| b) | ______ | 2 | Written communication |
| c) | 36 months | 3 | ______ |
| d) | ______ | 4 | Charge on assets |
| e) | Cash sales | 5 | ______ |
(Less working capital, Correspondence, Secured debentures, Internal source of finance, Maximum tenure of deposits.)
Concept: Terms and Conditions for Acceptance of 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?
Concept: Procedure for Accepting Deposits from Public
State whether the following statement is True or False.
The deposit can be accepted for a maximum of 6 months.
Concept: Sources of Borrowed Capital >> Acceptance of Deposits
Explain the following term/concept in detail:
Net Worth
Concept: Sources of Borrowed Capital >> Acceptance of Deposits
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?
Concept: Terms and Conditions for Acceptance of Deposits
Government companies can accept deposits from members.
Concept: Sources of Borrowed Capital >> Acceptance of Deposits
Methods of redemption of debentures.
Concept: Company Secretary - Redemption of Debentures
Write a letter to a shareholder regarding issue of bonus shares.
Concept: Issue of Bonus Shares
A ____________ is an indivisible unit of share capital.
(a) debenture
(b) share
(c) bond
Concept: Allotment of Shares
Write short note on Methods of redemption of debentures.
Concept: Company Secretary - Redemption of Debentures
Debenture holders get fixed rate of___________as return on their investment.
Concept: Payment of Interest on Debentures
Write a word or a term or a phrase which can substitute each of the following statements:
A bond on which no interest is paid but issued at discount.
Concept: Payment of Interest on Debentures
Write a word or a term or a phrase which can substitute each of the following statements:
A dividend remaining unpaid to shareholders even after the expiry of 30 days of its declaration.
Concept: Distribution of Dividend - Notice
Write a word or a term or a phrase which can substitute each of the following statements:
The type of debenture which is redeemed after a fixed period of time.
Concept: Company Secretary - Redemption of Debentures
Write a word or term or phrase which can substitute each of the following statements:
A Certificate issued to the debenture holders after allotment of debentures.
Concept: Company Secretary - Redemption of Debentures
State, with reasons, whether the following statements are True or False. (Any Three)
Debenture holder are the owners of the company.
Concept: Payment of Interest on Debentures
