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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?
Answer in one sentence.
What is Deposit Repayment Reserve Account?
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.
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.
Agreement between company and Deposit Trustee.
Return of deposit must be filed every year on or before 31st March.
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.
Deposit Trust Deed is an agreement between company and Deposit Trustee
Find the odd one.
Find the odd one
Complete the sentence:
Account which is used only for repaying deposits is called ______.
Correct the underlined word and rewrite the following sentence.
Company issues advertisement to invite its members for subscribing to its deposits
Arrange in proper order.
a. Appoint Deposit Trustee.
b. Hold General Meeting.
c. Create charge on assets.
Explain the following term/concept.
Eligible Public Company
Explain the following term/concept.
Tenure of Deposit
Answer in brief.
State the provisions regarding appointment of Deposit Trustee.
Justify the following statement.
Company has to fulfill certain provisions related to issue of circular or advertisement.
Justify the following statement
While issuing secured deposits, company has to appoint Deposit Trustee.
Arrange in Proper Order:
(a) Payment of Deposits
(b) Deposit Receipt
(c) Acceptance of Deposit
