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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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Question

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

Fill in the Blanks
One Word/Term Answer
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Solution

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

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

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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 ______________________.


Select the correct answer from the options given below and rewrite the statement:
For premature repayment of deposit, company deducts __________ % of interest.


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.


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


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


Government company can collect deposits from its members.


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 ______________.


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.
Eligible Public Company


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


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


Justify the following statement.

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


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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