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Return of deposit must be filed every year on or before ______.

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Question

Return of deposit must be filed every year on or before ______.

Options

  • 30th June

  • 31st March

  • 30th April

MCQ
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Solution

Return of deposit must be filed every year on or before 30th June.

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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.
What is Deposit Repayment Reserve Account?


Select the correct answer from the options given below and rewrite the statement:
For premature repayment of deposit, company deducts __________ % of interest.


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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.


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Company which can accept deposits from public up to 35% of its paid-up share capital and free reserves.


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Maximum tenure of a deposit


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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.
Document issued by a company to invite its members to subscribe for its Deposits.


Write a word or a term or a phrase which can substitute the following statement.
Time within which company has to issue deposit Receipt


Government company can collect deposits from its members.


Correct the underlined word and rewrite the following sentence.
Company issues advertisement to invite its members for subscribing to its deposits


Explain the following term/concept.
Tenure of Deposit


Explain the following term/concept.
Deposit Trustee


Justify the following statement.

Companies have to create a charge on their tangible assets while issuing secured deposits.


Answer the following question:
Explain the provisions related to circular or advertisement for inviting deposits.


Find the odd one.


Arrange in Proper Order:

(a) Payment of Deposits

(b) Deposit Receipt

(c) Acceptance of Deposit


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.
  1. Can the company accept deposits in joint names?
  2. Can the company accept deposits from its members?
  3. Can the company issue secure deposits?

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