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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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Answer in one sentence.
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Correct the underlined word and rewrite the following sentence.
Deposit is a long term source of capital.
Arrange in proper order
- Payment of Interest
- Deposit Receipt
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Depositor
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Deposit
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Interest on Deposit
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Deposit Receipt
Answer in brief.
What precautions are to be borne in mind by the Secretary, while corresponding with Depositors.
