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Arrange in proper order.a. Obtain Credit Rating. b. Entries in Register of Deposits. c. Issue Deposit Receipt.

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Question

Arrange in proper order.
a. Obtain Credit Rating.
b. Entries in Register of Deposits.
c. Issue Deposit Receipt.

Short/Brief Note
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Solution

(a) Obtain Credit Rating.
(c) Issue Deposit Receipt.
(b) Entries in Register of Deposits.

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Terms and Conditions for Acceptance of Deposits
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Chapter 5: Deposits - Exercises [Page 91]

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RELATED QUESTIONS

Return of deposit must be filed every year on or before ______.


Write a word or a term or a phrase which can substitute the following statement.
Minimum tenure of a deposit.


Write a word or a term or a phrase which can substitute the following statement.
Period within which a company has to create a charge on its tangible assets


Return of deposit must be filed every year on or before 31st March.


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Eligible public company can collect deposits from its members.


State whether the following statement is true or false.

A private company can collect deposits from public.


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Eligible public company can collect deposits from public not exceeding 35% of its paidup share capital and free reserves.


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Deposit Trust Deed is an agreement between company and Deposit Trustee


Find the odd one.


Complete the sentence:
Account which is used only for repaying deposits is called ______.


Correct the underlined word and rewrite the following sentence.
Minimum tenure of deposit is 36 months.


Explain the following term/concept.
Deposit Insurance


Explain the following term/concept.
Credit Rating


Answer in brief.
State the provisions regarding appointment of Deposit Trustee.


Justify the following statement
While issuing secured deposits, company has to appoint Deposit Trustee.


Give one word or phrase for the following sentence:

Type of company that can accept deposits only from its members or directors.


Arrange in Proper Order:

(a) Payment of Deposits

(b) Deposit Receipt

(c) Acceptance of Deposit


Study the following case/situation and express your opinion.

CC Company Ltd. is an eligible Public Company as per the Companies Act, 2013 with reference to accepting Public Deposits.
  1. Can the company accept deposits in joint names?
  2. Can the company accept deposits from its members?
  3. Can the company issue secure deposits?

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