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प्रश्न
With reference to business finance, explain the following:
Public Deposits
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उत्तर
- A company can accept deposits from the public to finance its medium and short-term requirements of funds.
- The companies always prefer to accept public deposits for meeting their financial needs rather than approaching banks or other financial bodies.
- Companies generally receive public deposits for different periods ranging from 6 months to 5 years.
- The rate of interest on the deposits varies from 10 percent per annum to 12 percent per annum depending upon the period of deposits and the reputation and standing of the company.
APPEARS IN
संबंधित प्रश्न
Draft a Letter to the depositor informing him/her about payment of interest.
State, with reasons, whether the following statements are True
or False (Any THREE) :
A company can accept deposits repayable on demand.
Select the proper option from the option given below and rewrite the sentences:
Company can accept deposits from public, maximum for _____ months.
What are the provision and rules of companies Act1956 with respect to Acceptance of Public Deposits?
OR
Multiple Choice Question:
Public deposits are deposits that are raised directly from
A public deposit is a deposit made by public in the nationalised banks.
What are public deposits?
Discuss the importance of public deposits as sources of medium and short-term finance.
Explain the pros and cons of public deposits as a source of business finance.
Describe the disadvantages of public deposits.
