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प्रश्न
Explain the following term/concept.
Credit Rating
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उत्तर
(1) Every company has to get credit rating of its deposits and include the ratings in the circular or advertisement. The credit rating agency considers the net worth of the company, liquidity position, ability to repay deposits on time etc.
(2) The rating shall be obtained for every year during the tenure of deposits. A copy of the credit rating shall be submitted to ROC.
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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.
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.
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
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.
For secured deposits, company has to create a charge on its tangible assets.
State whether the following statement is true or false.
Deposit Receipt is issued within 21 days of receipt of deposits.
State whether the following statement is true or false.
Company appoints Credit Rating Agency to protect the interest of depositors.
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.
Minimum tenure of deposit is 36 months.
Arrange in proper order.
a. Appoint Deposit Trustee.
b. Hold General Meeting.
c. Create charge on assets.
Explain the following term/concept.
Tenure of Deposit
Explain the following term/concept.
Secured Deposit
Explain the following term/concept.
Charge on tangible assets
Explain the following term/concept.
Deposit Repayment Reserve Account.
Justify the following statement.
Companies have to create a charge on their tangible assets while issuing secured deposits.
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.)
