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प्रश्न
Justify the following statement:
There is a limit or restriction on the amount that a company can collect as deposits.
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उत्तर
- Private Company: A private company can accept deposits from its members up to 100% of the aggregate of its paid-up share capital, free reserves, and securities premium account.
- Public Company: A public company can accept deposits from its members up to 35% of the aggregate of its paid-up share capital, free reserves, and securities premium account.
- Eligible Company: An eligible public company (which meets the prescribed net worth and turnover conditions) can accept deposits from the public up to 25% of the aggregate of its paid-up share capital, free reserves, and securities premium account.
It can also accept deposits from its members up to 10% of the aggregate of its paid-up share capital, free reserves, and securities premium account. - Government Company: A government company can accept deposits up to 35% of the aggregate of its paid-up share capital, free reserves, and securities premium account.
Thus, there are specific limits and restrictions on the amount of deposits a company can collect to ensure financial stability, transparency, and protection of stakeholders’ interests.
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संबंधित प्रश्न
Answer in one sentence.
Which companies can accept deposits from the public?
Select the correct answer from the options given below and rewrite the statement:
A __________ Company can accept deposits from public not exceeding 35% of its paid-up share Capital and free reserves..
Deposit can be accepted for a minimum of 6 months and a maximum for ______ months.
Company has to appoint ______ to protect the interest of depositors.
Select the correct answer from the options given below and rewrite the statement:
Deposit Receipt is issued within ______________ days of receipt of deposit
Find the odd one.
Complete the sentence:
Deposits can be accepted or renewed for a period not less than 6 months and not more than ___________.
Complete the sentence:
Company cannot accept or renew deposits repayable on _____________.
Correct the underlined word and rewrite the following sentence.
Government Company can accept deposit from members.
Study the following case/situation and express your opinion.
| Apple Company Ltd. plans to raise funds through Public Deposits. Its net worth is ₹10 Crores. |
- Can they accept deposits from the public?
- Can they accept deposits that mature after 4 years?
- Within what period should the company issue deposit Receipts to its depositors?
Study the following case/situation and express your opinion.
ABC 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?
Study the following case/situation and express your opinion.
Apple Company Ltd. is an eligible Public Company. It plans to raise secured deposits from the public. Please advice its Board on the following.
Within what period should the company create a charge on it’s assets?
Study the following case/situation and express your opinion.
SUN Pvt. Ltd. company wants to raise funds through deposits.
Which document should the company issue to invite deposits?
State the amount of deposits that different types of companies can collect by way of deposits.
Explain the type of companies that can raise deposits along with the maximum amount they can raise as deposits.
Study the following case/situation and express your opinion.
SUN Pvt. Ltd. company wants to raise funds through deposits.
- Can the company accept deposits from the public?
- Which document should the company issue to invite deposits?
- What is the maximum period for which they can accept deposits
Study the following case/situation and express your opinion:
ABC Limited a registered company has a clause of accepting deposits from the General Public in a Memorandum of association.
- Management has not passed a resolution in the board meeting for accepting deposits.
- Shareholder has not accepted the resolution and still company receives a deposit from general public.
