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Find the odd one. Private company, Eligible public company, Government company.

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Question

Find the odd one.

Options

  • Private company

  • Eligible public company

  • Government company.

MCQ
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Solution

Private company

shaalaa.com
Terms and Conditions for Acceptance of Deposits
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Chapter 5: Deposits - Exercises [Page 90]

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RELATED QUESTIONS

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.


Return of deposit must be filed every year on or before ______.


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.
Document issued by a company to invite its members to subscribe for its Deposits.


Write a word or a term or a phrase which can substitute the following statement.
Book which contains details of deposits accepted or renewed.


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.


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.
Tenure of Deposit


Explain the following term/concept.
Deposit Insurance


Explain the following term/concept.

Deposit Repayment Reserve Account.


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


State any four terms and conditions regarding acceptance of deposit.


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.


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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