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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
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Solution
Company issues circular to invite its members for subscribing to its deposits
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Answer in one sentence.
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Write a word or a term or a phrase which can substitute the following statement.
Book which contains details of deposits accepted or renewed.
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Eligible public company can collect deposits from its members.
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Deposit Trust Deed is an agreement between company and Deposit Trustee
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Complete the sentence:
Account which is used only for repaying deposits is called ______.
Arrange in proper order.
a. Appoint Deposit Trustee.
b. Hold General Meeting.
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Arrange in proper order.
a. Obtain Credit Rating.
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Eligible Public Company
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Charge on tangible assets
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Answer in brief.
State the contents of circular or Advertisement for Deposit
Answer in brief.
State the provisions regarding appointment of Deposit Trustee.
State any four terms and conditions regarding acceptance of deposit.
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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?
