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प्रश्न
Explain the following term/concept.
Charge on tangible assets
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उत्तर
(1) Every company accepting deposits from the public shall create a charge on its tangible assets of an amount not less than the amount of deposits accepted in favour of the deposit holders in accordance with such rules as may be prescribed.
(2) The charge should be created within 30 days from accepting the deposits. The minimum amount of security should be equal to the amount not covered by Deposit Insurance. The security is created in favour of the Deposit Trustee.
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संबंधित प्रश्न
Answer in one sentence.
What is Deposit Repayment Reserve Account?
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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.
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Minimum tenure of a deposit.
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Book which contains details of deposits accepted or renewed.
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A private company can collect deposits from public.
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Deposit can be accepted for a maximum of 36 months.
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Deposit Receipt is issued within 21 days of receipt of deposits.
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Deposit Trust Deed is an agreement between company and Deposit Trustee
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Agency which gives ratings of the deposits of a company is called ______________.
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Account which is used only for repaying deposits is called ______.
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.
Charge on assets is created when company issues unsecured deposit.
Explain the following term/concept.
Tenure of Deposit
Explain the following term/concept.
Deposit Insurance
Justify the following statement
While issuing secured deposits, company has to appoint Deposit Trustee.
Justify the following statement.
Companies have to create a charge on their tangible assets while issuing secured deposits.
Answer the following question:
Explain the provisions related to circular or advertisement for inviting deposits.
