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State whether the following statements are true or false. A Private Company can accept the deposits from the general public.

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Question

State whether the following statements are true or false.

A Private Company can accept the deposits from the general public.

Options

  • True

  • False

MCQ
True or False
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Solution

A Private Company can accept the deposits from the general public- False

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Precautions to Be Taken by the Secretary While Corresponding with Depositors
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Chapter 8: Correspondence with Depositors - True or false

RELATED QUESTIONS

Depositors are ______ of a company.


Select the correct answer from the options given below and rewrite the statement.

Depositors provide ______ Capital to the company.


A Company cannot accept deposit for more than ______ months.


Select the correct answer from the options given below and rewrite the statement.

Deposits are ______ loans of the company.


Select the correct answer from the options given below and rewrite the statement.

______ has the power to invite deposits from the Public.


Write a word or a term or a phrase which can substitute the following statement.

Return on investment on deposit.


Write a word or a term or a phrase which can substitute the following statement.

Instrument for payment of interest on deposit.


Write a word or a term or a phrase which can substitute the following statement.

Return of deposits on maturity date.


Complete the sentence.

Deposit is a ______ term source of finance of the company.


Complete the sentence.

A company can accept deposits for the minimum period of ______ months.


Select the correct option from the bracket.

Group ‘A’ Group ‘B’
a) Depositor 1) ____________
b) Return on Deposits 2) ____________
c) ______________ 3) Maximum Period of Deposits
d) Minimum Period of Deposits 4) ____________

(Interest, Creditor of the company, 36 months, 6 months)


Answer in one sentence.

Who is depositor?


Arrange in proper order

  1. Renewal of Deposit
  2. Acceptance of Deposits
  3. Deposit Receipt

Explain the following term/concept.

Depositor


Explain the following term/concept.

Deposit


Explain the following term/concept.

Interest on Deposit


Answer in brief.

What precautions are to be borne in mind by the Secretary, while corresponding with Depositors.


Justify the following statement.

The Company Secretary should take certain precautions while corresponding with depositors.


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