Question

Justify the following statement.

There are certain circumstances when a secretary has to correspond with Depositors.

Answer 1

1. Deposits are borrowed capital of a company.
2. Depositors are the creditors of the company.
3. The secretary has to communicate the decisions of the management and other information to the depositors by conducting correspondence
4. The secretary has to correspond with depositors under the following circumstances:
   1. Thanking depositors for depositing the amount and showing faith in the company.
   2. Intimation about the payment of interest
   3. Renewal of deposits
   4. Informing depositors about the repayment of deposits on maturity.
5. Thus, there are certain circumstances when a secretary has to correspond with depositors.