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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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Maximum tenure of a deposit
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Document issued by a company to invite its members to subscribe for its Deposits.
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Agreement between company and Deposit Trustee.
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For secured deposits, company has to create a charge on its tangible assets.
Find the odd one
Select the correct option from the bracket.
| Group 'A' |
Group 'B' |
|
a) Government Company |
1) ___________________ |
|
b) ___________________ |
2) Deposits from members |
|
c) 36 months |
3) ___________________ |
|
d) ___________________ |
4) Charge on tangible assets |
|
e) Return of deposit |
5) __________________ |
(File on or before 30th June, Private Company, Secured deposits, Deposits from public, Maximum tenure of 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.
Tenure of Deposit
Explain the following term/concept.
Credit Rating
Justify the following statement.
Companies have to create a charge on their tangible assets while issuing secured deposits.
