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प्रश्न
Explain the following term/concept.
Deposit Insurance
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उत्तर
(1) The company enters into an agreement with the Insurance Company for taking Deposit Insurance. A company needs to take Deposit Insurance at least 30 days before the date of the circular/advertisement or its renewal.
(2) Insurance is to be taken if the amount of deposit plus interest is up to 20,000.
Insurance above 20,000 per depositor Rs 20,000 insurance.
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संबंधित प्रश्न
Answer in one sentence.
When does a company create charge on it’s tangible assets?
When should a company file Return of Deposit?
Answer in one sentence.
What is Deposit Repayment Reserve Account?
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.
Company which can accept deposits from public up to 35% of its paid-up share capital and free reserves.
Write a word or a term or a phrase which can substitute the following statement.
Minimum tenure of a deposit.
Write a word or a term or a phrase which can substitute the following statement.
Period within which a company has to create a charge on its tangible assets
Write a word or a term or a phrase which can substitute the following statement.
Document issued by a company to invite its members to subscribe for its Deposits.
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.
Complete the sentence:
Account which is used only for repaying deposits is called ______.
Correct the underlined word and rewrite the following sentence.
Charge on assets is created when company issues unsecured deposit.
Explain the following term/concept.
Eligible Public Company
Explain the following term/concept.
Deposit Repayment Reserve Account.
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.
Arrange in Proper Order:
(a) Payment of Deposits
(b) Deposit Receipt
(c) Acceptance of Deposit
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?
