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Question
State, with reasons, whether the following statements are True
or False (Any THREE) :
A company can accept deposits repayable on demand.
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Solution
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RELATED QUESTIONS
Draft a Letter to the depositor informing him/her about payment of interest.
Select the proper option from the option given below and rewrite the sentences:
Company can accept deposits from public, maximum for _____ months.
State, with reason, whether the following statement is True or False.
A public company can receive deposits from the public to any extent.
What are the provision and rules of companies Act1956 with respect to Acceptance of Public Deposits?
OR
What are the provision and rules of companies Act1956 with respect to the Invitation of Public deposits?
Explain the features/ Advantages of deposits or Public Deposits.
With reference to business finance, explain the following:
Public Deposits
Public deposits are deposits made by the public in nationalised banks.
A public deposit is a deposit made by public in the nationalised banks.
What are public deposits?
Explain the pros and cons of public deposits as a source of business finance.
Public deposits are a source of long-term finance.
Describe the disadvantages of public deposits.
