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
Select the correct answer from the options given below and rewrite the statement:
Deposit is a type of ______________________.
Write a word or a term or a phrase which can substitute the following statement.
A company which can accept deposits from its members, directors, or their relatives not exceeding 100% of aggregate of paid up share capital and free reserves.
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.
Period within which a company has to create a charge on its tangible assets
Write a word or a term or a phrase which can substitute the following statement.
Time within which company has to issue deposit Receipt
State whether the following statement is true or false.
Eligible public company can collect deposits from its members.
Government company can collect deposits from its members.
State whether the following statement is true or false.
For secured deposits, company has to create a charge on its tangible assets.
Find the odd one
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.
Company appoints Credit Rating Agency to protect the interest of Depositors.
Explain the following term/concept.
Charge on tangible assets
Justify the following statement.
Company has to fulfill certain provisions related to issue of circular or advertisement.
Give one word or phrase for the following sentence:
Type of company that can accept deposits only from its members or directors.
Arrange in Proper Order:
(a) Payment of Deposits
(b) Deposit Receipt
(c) Acceptance of Deposit
