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Question
Explain the following term/concept.
Depositor
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Solution
A depositor is a person who places or invests money in a company in the form of a deposit. By doing so, the depositor becomes a creditor of the company. In return for the money deposited, the company pays the depositor interest at a prescribed rate. Depositors do not receive ownership rights but only the right to get back their money with interest.
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RELATED QUESTIONS
Depositors are ______ of a company.
Select the correct answer from the options given below and rewrite the statement.
Depositors provide ______ Capital to the company.
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A company cannot accept deposit for less than ______ months.
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Public Deposits are accepted to meet the requirement of ______ Capital.
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______ has the power to invite deposits from the Public.
Write a word or a term or a phrase which can substitute the following statement.
Instrument for payment of interest on deposit.
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An acknowledgement of the fixed deposit accepted by a company.
Write a word or a term or a phrase which can substitute the following statement.
Return of deposits on maturity date.
Write a word or a term or a phrase which can substitute the following statement.
Maximum period of deposits.
State whether the following statement is true or false.
A Private Company cannot accept the deposits from the general public.
Select the correct option from the bracket.
| Group ‘A’ | Group ‘B’ |
| a) Depositor | 1) ____________ |
| b) Return on Deposits | 2) ____________ |
| c) ______________ | 3) Maximum Period of Deposits |
| d) Minimum Period of Deposits | 4) ____________ |
(Interest, Creditor of the company, 36 months, 6 months)
Answer in one sentence.
Who is depositor?
Correct the underlined word and rewrite the following sentence.
Depositors are owners of the company.
Arrange in proper order
- Renewal of Deposit
- Acceptance of Deposits
- Deposit Receipt
Explain the following term/concept.
Interest on Deposit
Explain the following term/concept.
Deposit Receipt
Answer in brief.
What precautions are to be borne in mind by the Secretary, while corresponding with Depositors.
Justify the following statement.
The Company Secretary should take certain precautions while corresponding with depositors.
