Correct the underlined word and rewrite the following sentence.Company issues advertisement to invite its members for subscribing to its deposits - Secretarial Practice

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One Word Answer

Correct the underlined word and rewrite the following sentence.
Company issues advertisement to invite its members for subscribing to its deposits

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Solution

Company issues circular to invite its members for subscribing to its deposits

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

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Balbharati Secretarial Practice 12th Standard HSC Maharashtra State Board
Chapter 5 Deposits
Exercises | Q 1. I) 2. | Page 91

RELATED QUESTIONS

Answer in one sentence.
What is Deposit Repayment Reserve Account?


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.
Maximum tenure of a deposit


Write a word or a term or a phrase which can substitute the following statement.
Time within which company has to issue deposit Receipt


State whether the following statement is true or false.
Eligible public company can collect deposits from its members.


State whether the following statement is true or false.

Deposit can be accepted for a maximum of 36 months.


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.
Company appoints Credit Rating Agency to protect the interest of depositors.


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.)


Explain the following term/concept.
Eligible Public Company


Explain the following term/concept.
Tenure of Deposit


Answer in brief.
State the contents of circular or Advertisement for Deposit


Justify the following statement.

Companies have to create a charge on their tangible assets while issuing secured deposits.


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.
  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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