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Question
Justify the following statement.
Company has to fulfill certain provisions related to issue of circular or advertisement.
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Solution
- If a company invites deposits from its members, it issues a circular. But if it invites deposits from the public, the company has to issue an advertisement.
- The company has to file a copy of the circular or advertisement with the Registrar of Companies.
- The company can issue a circular or advertisement only after 30 days of filing a copy of the circular or advertisement with the Registrar of Company (ROC).
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Complete the sentence:
Account which is used only for repaying deposits is called ______.
Correct the underlined word and rewrite the following sentence.
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Credit Rating
Find the odd one.
Select the correct option from the bracket.
| Group ‘A’ | Group ‘B’ | ||
| a) | Retained earnings | 1 | ______ |
| b) | ______ | 2 | Written communication |
| c) | 36 months | 3 | ______ |
| d) | ______ | 4 | Charge on assets |
| e) | Cash sales | 5 | ______ |
(Less working capital, Correspondence, Secured debentures, Internal source of finance, Maximum tenure of 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. |
- Can the company accept deposits in joint names?
- Can the company accept deposits from its members?
- Can the company issue secure deposits?
