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Question
When should a company file Return of Deposit?
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Solution
Company should file Return of Deposits on or before 30th June, every year.
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RELATED QUESTIONS
Return of deposit must be filed every year on or before ______.
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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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Minimum tenure of a deposit.
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Period within which a company has to create a charge on its tangible assets
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Agreement between company and Deposit Trustee.
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Book which contains details of deposits accepted or renewed.
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Eligible public company can collect deposits from public not exceeding 35% of its paidup share capital and free reserves.
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For secured deposits, company has to create a charge on its tangible assets.
Correct the underlined word and rewrite the following sentence.
Company appoints Credit Rating Agency to protect the interest of Depositors.
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Deposit Trustee
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Charge on tangible assets
Answer in brief.
State the contents of circular or Advertisement for Deposit
Answer in brief.
State the provisions regarding appointment of Deposit Trustee.
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While issuing secured deposits, company has to appoint Deposit Trustee.
Answer the following question:
Explain the provisions related to circular or advertisement for inviting deposits.
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. |
- Can the company accept deposits in joint names?
- Can the company accept deposits from its members?
- Can the company issue secure deposits?
