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Question
Correct the underlined word and rewrite the following sentence.
Charge on assets is created when company issues unsecured deposit.
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Solution
Charge on assets is created when company issues secured deposit.
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RELATED QUESTIONS
Answer in one sentence.
When does a company create charge on it’s tangible assets?
Select the correct answer from the options given below and rewrite the statement:
Deposit is a type of ______________________.
Write a word or a term or a phrase which can substitute the following statement.
A company which can accept deposits from its members, directors, or their relatives not exceeding 100% of aggregate of paid up share capital and free reserves.
Write a word or a term or a phrase which can substitute the following statement.
Book which contains details of deposits accepted or renewed.
State whether the following statement is true or false.
A private company can collect deposits from public.
State whether the following statement is true or false.
Eligible public company can collect deposits from public not exceeding 35% of its paidup share capital and free reserves.
State whether the following statement is true or false.
Deposit Receipt is issued within 21 days of receipt of deposits.
Find the odd one
Complete the sentence:
Agency which gives ratings of the deposits of a company is called ______________.
Correct the underlined word and rewrite the following sentence.
Company issues advertisement to invite its members for subscribing to its deposits
Arrange in proper order.
a. Appoint Deposit Trustee.
b. Hold General Meeting.
c. Create charge on assets.
Explain the following term/concept.
Eligible Public Company
Explain the following term/concept.
Deposit Repayment Reserve Account.
Justify the following statement.
Company has to fulfill certain provisions related to issue of circular or advertisement.
Justify the following statement.
Companies have to create a charge on their tangible assets while issuing secured deposits.
Find the odd one.
Arrange in Proper Order:
(a) Payment of Deposits
(b) Deposit Receipt
(c) Acceptance of Deposit
