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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
Depositors are ______ of a company.
Select the correct answer from the options given below and rewrite the statement.
Depositors provide ______ Capital to the company.
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______ has the power to invite deposits from the Public.
Write a word or a term or a phrase which can substitute the following statement.
Return on investment on deposit.
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Fixed Deposit holder is creditor of the company.
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A Private Company cannot accept the deposits from the general public.
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Depositors are the ______ of the company.
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The ______ must be cautious and careful while writing letters to the depositors.
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A company can accept deposits for the minimum period of ______ months.
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 Interest Warrant?
Correct the underlined word and rewrite the following sentence.
Depositors are entitled to receive dividend.
Arrange in proper order
- Renewal of Deposit
- Acceptance of Deposits
- Deposit Receipt
Arrange in proper order
- Payment of Interest
- Deposit Receipt
- Acceptance of Deposits
Explain the following term/concept.
Depositor
Answer in brief.
What precautions are to be borne in mind by the Secretary, while corresponding with Depositors.
