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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.
Write a word, term, or phrase that can substitute for
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The authority which has power to accept deposits.
Write notes on (Any Three)
Repayment of Deposits.
State, with reason, whether the following statement is True or False.
A public company can receive deposits from the public to any extent.
Draft a letter to a depositor informing him about payment of interest.
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
State the merits and demerits of public deposits and retained earnings as methods of business finance.
What are public deposits?
Discuss the importance of public deposits as sources of medium and short-term finance.
Public deposits are a source of long-term finance.
Describe the disadvantages of public deposits.
