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Question
A Company cannot accept deposit for more than ______ months.
Options
24
36
45
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Solution
A Company cannot accept deposit for more than 36 months.
Explanation:
According to the Companies Act, 2013, and the rules related to acceptance of deposits, a company can accept deposits from members for a period not less than 6 months and not more than 36 months.
Therefore, the maximum period for which a company can accept a deposit is 36 months.
RELATED QUESTIONS
Select the correct answer from the options given below and rewrite the statement.
______ has the power to invite deposits from the Public.
Select the correct answer from the options given below and rewrite the statement.
The return or income for the investment of money on deposits is called ______.
Write a word or a term or a phrase which can substitute the following statement.
An acknowledgement of the fixed deposit accepted by a company.
State whether the following statement is true or false.
Deposits are invited by the company without issuing statutory advertisement.
Complete the sentence.
The ______ must be cautious and careful while writing letters to the depositors.
Complete the sentence.
Deposit is a ______ term source of finance of the company.
Complete the sentence.
A company can accept deposits for the minimum period of ______ months.
Complete the sentence.
Depositors are entitled to receive ______ at fixed rate.
Select the correct option from the bracket.
| Group ‘A’ | Group ‘B’ |
| a) Depositor | 1) ____________ |
| b) Return on Deposits | 2) ____________ |
| c) ______________ | 3) Maximum Period of Deposits |
| d) Minimum Period of Deposits | 4) ____________ |
(Interest, Creditor of the company, 36 months, 6 months)
Answer in one sentence.
What is the return on deposit?
Answer in one sentence.
What is Interest Warrant?
Correct the underlined word and rewrite the following sentence.
Deposits are the internal source of financing.
Correct the underlined word and rewrite the following sentence.
Depositors are entitled to receive dividend.
Arrange in proper order
- Payment of Interest
- Deposit Receipt
- Acceptance of Deposits
Explain the following term/concept.
Deposit Receipt
Answer in brief.
What precautions are to be borne in mind by the Secretary, while corresponding with Depositors.
Justify the following statement.
The Company Secretary should take certain precautions while corresponding with depositors.
