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प्रश्न
Justify the following statement.
Companies have to create a charge on their tangible assets while issuing secured deposits.
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उत्तर
Justification:
- Every company accepting deposits from the public shall create a charge on its tangible assets of an amount not less than the number of deposits accepted in favour of the deposit holders in accordance with such rules as may be prescribed.
- The charge should be created within 30 days of accepting the deposits.
- The minimum amount of security should be equal to the amount not covered by Deposits Insurance. The security is created in favour of the Deposit Trustee.
- Thus, it is rightly justified that, companies have to create a charge on tangible assets while issuing secured deposits.
संबंधित प्रश्न
When should a company file Return of Deposit?
Return of deposit must be filed every year on or before ______.
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.
Maximum 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.
Book which contains details of deposits accepted or renewed.
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.
Eligible public company can collect deposits from public not exceeding 35% of its paidup share capital and free reserves.
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.
Minimum tenure of deposit is 36 months.
Explain the following term/concept.
Eligible Public Company
Explain the following term/concept.
Deposit Trustee
Explain the following term/concept.
Deposit Repayment Reserve Account.
Answer in brief.
State the contents of circular or Advertisement for Deposit
Justify the following statement.
Company has to fulfill certain provisions related to issue of circular or advertisement.
Answer the following question:
Explain the provisions related to circular or advertisement for inviting deposits.
