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प्रश्न
Answer in brief.
State the provisions regarding appointment of Deposit Trustee.
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उत्तर
The provisions regarding Appointment of Deposit Trustee are explained as follows:
When issuing secured deposits, eligible companies and public companies have to appoint one or more Deposit Trustees. The Trustees protect the interest of the depositor in case a company defaults in repaying the depositors. Company signs a contract with the Deposit Trustees called as Trust Deed. It contains the terms and conditions of the contract. The deed has to be signed at least 7 days before issuing the circular or advertisement.
The Deposit Trustee on its own or on the request of one-tenth of depositors can call a meeting of all depositors when a company defaults in repaying deposits.
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संबंधित प्रश्न
When should a company file Return of Deposit?
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.
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
Write a word or a term or a phrase which can substitute the following statement.
Book which contains details of deposits accepted or renewed.
Government 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 Trust Deed is an agreement between company and Deposit Trustee
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.
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.
Tenure of Deposit
Explain the following term/concept.
Secured Deposit
Explain the following term/concept.
Charge on tangible assets
Answer in brief.
State the contents of circular or Advertisement for Deposit
State any four terms and conditions regarding acceptance of deposit.
Find the odd one.
