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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.
Deposits are ______ loans of the company.
Select the correct answer from the options given below and rewrite the statement.
Public Deposits are accepted to meet the requirement of ______ Capital.
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 ______.
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.
An acknowledgement of the fixed deposit accepted by a company.
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 holders are entitled to receive dividend.
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.
Depositors are entitled to receive ______ at fixed rate.
Correct the underlined word and rewrite the following sentence.
Depositors are owners of the company.
Arrange in proper order
- Payment of Interest
- Deposit Receipt
- Acceptance of Deposits
Explain the following term/concept.
Depositor
Explain the following term/concept.
Deposit
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.
