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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.
Depositors provide ______ Capital to the company.
Select the correct answer from the options given below and rewrite the statement.
A company cannot accept deposit for less than ______ months.
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.
Rate of interest on deposits is ______.
Match the pairs.
| Group ‘A’ | Group ‘B’ |
| a) Depositors | 1) Fixed |
| b) Rate of Interest on Deposits | 2) Evidence of ownership |
| c) Deposit Receipt | 3) Debtors |
| 4) Creditors | |
| 5) Evidence of deposit | |
| 6) Fluctuating |
Write a word or a term or a phrase which can substitute the following statement.
Instrument for payment of interest on deposit.
Write a word or a term or a phrase which can substitute the following statement.
Return of deposits on maturity date.
State whether the following statement is true or false.
Fixed Deposit holder is creditor 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.
Who is depositor?
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.
Deposit is a long term source of capital.
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.
