The Return of Deposit (Form DPT-3) must be filed annually on or before 30th June, not 31st March. It is filed under the Companies Act, 2013, by companies to report deposits and certain other specified transactions.
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Question
Return of deposit must be filed every year on or before 31st March.
Options
True
False
MCQ
True or False
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Solution
This statement is False.
Explanation:
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Terms and Conditions for Acceptance of Deposits
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Chapter 5: Deposits - Exercises [Page 89]
RELATED QUESTIONS
Answer in one sentence.
When does a company create charge on it’s tangible assets?
Write a word or a term or a phrase which can substitute the following statement.
Minimum tenure of a deposit.
Write a word or a term or a phrase which can substitute the following statement.
Agreement between company and Deposit Trustee.
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.
A private company can collect deposits from public.
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.
Complete the sentence:
Agency which gives ratings of the deposits of a company is called ______________.
Complete the sentence:
Account which is used only for repaying deposits is called ______.
Correct the underlined word and rewrite the following sentence.
Charge on assets is created when company issues unsecured deposit.
Explain the following term/concept.
Charge on tangible assets
Explain the following term/concept.
Deposit Insurance
Explain the following term/concept.
Deposit Repayment Reserve Account.
Explain the following term/concept.
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Answer in brief.
State the provisions regarding appointment of Deposit Trustee.
Justify the following statement
While issuing secured deposits, company has to appoint Deposit Trustee.
Justify the following statement.
Companies have to create a charge on their tangible assets while issuing secured deposits.
Arrange in Proper Order:
(a) Payment of Deposits
(b) Deposit Receipt
(c) Acceptance of Deposit
