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Question
Justify the following statement.
The Company Secretary should take certain precautions while corresponding with depositors.
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Solution
- Depositors are creditors of the company.
- The company secretary has to correspond with the depositors on various occasions.
- While writing letters, a secretary should provide correct, up-to-date, and factual information to the depositors.
- He should be prompt in replying to any queries or complaints of depositors.
- He should not give out sensitive and confidential information about the company. He should always strive to maintain a good image of the company.
- The secretary should follow the provisions of the Companies Act, 2013, and its latest amendments.
- Most importantly, he must use courteous language in all his correspondence.
- Thus, the company secretary should take certain precautions while corresponding with depositors.
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RELATED QUESTIONS
Depositors are ______ of a company.
A Company cannot accept deposit for more than ______ months.
Select the correct answer from the options given below and rewrite the statement.
A company cannot accept deposit for less than ______ months.
Select the correct answer from the options given below and rewrite the statement.
Public Deposits are accepted to meet the requirement of ______ Capital.
Match the pairs.
| Group ‘A’ | Group ‘B’ |
| a) Depositors | 1) Fixed |
| b) Rate of Interest on Deposits | 2) Evidence of ownership |
| c) Deposit Receipt | 3) Debtors |
| 4) Creditors | |
| 5) Evidence of deposit | |
| 6) Fluctuating |
Write a word or a term or a phrase which can substitute the following statement.
An acknowledgement of the fixed deposit accepted by a company.
State whether the following statement is true or false.
Fixed Deposit holders are entitled to receive dividend.
Complete the sentence.
A company can accept deposits for the minimum period of ______ months.
Complete the sentence.
Depositors are entitled to receive ______ at fixed rate.
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.
Correct the underlined word and rewrite the following sentence.
Deposits are the internal source of financing.
Explain the following term/concept.
Depositor
Explain the following term/concept.
Deposit
Explain the following term/concept.
Interest on Deposit
Explain the following term/concept.
Deposit Receipt
State whether the following statements are true or false.
A Private Company can accept the deposits from the general public.
