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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
When should a company file Return of Deposit?
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.
Company which can accept deposits from public up to 35% of its paid-up share capital and free reserves.
Return of deposit must be filed every year on or before 31st March.
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.
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 ______.
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.)
Correct the underlined word and rewrite the following sentence.
Minimum tenure of deposit is 36 months.
Explain the following term/concept.
Tenure of Deposit
Explain the following term/concept.
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Answer in brief.
State the provisions regarding appointment of Deposit Trustee.
Justify the following statement.
Company has to fulfill certain provisions related to issue of circular or advertisement.
Justify the following statement
While issuing secured deposits, company has to appoint Deposit Trustee.
Answer the following question:
Explain the provisions related to circular or advertisement for inviting deposits.
Give one word or phrase for the following sentence:
Type of company that can accept deposits only from its members or directors.
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. |
- Can the company accept deposits in joint names?
- Can the company accept deposits from its members?
- Can the company issue secure deposits?
