Write a word or a term or a phrase which can substitute the following statement.A company which can accept deposits from its members, directors or their relatives not exceeding 100% of aggregate of - Secretarial Practice

Advertisements
Advertisements
One Word Answer

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

Advertisements

Solution

Private Company

Concept: Terms and Conditions for Acceptance of Deposits
  Is there an error in this question or solution?
Chapter 5: Deposits - Exercises [Page 89]

APPEARS IN

Balbharati Secretarial Practice 12th Standard HSC Maharashtra State Board
Chapter 5 Deposits
Exercises | Q 1. C) 1. | Page 89

RELATED QUESTIONS

Answer in one sentence.
When does a company create charge on it’s tangible assets?


Answer in one sentence.
What is Deposit Repayment Reserve Account?


Select the correct answer from the options given below and rewrite the statement:
Deposit is a type of ______________________.


State whether the following statement is true or false.
Return of deposit must be filed every year on or before 31st March.


Complete the sentence:
Account which is used only for repaying deposits is called ______.


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


Correct the underlined word and rewrite the following sentence.
Minimum tenure of deposit is 36 months.


Arrange in proper order.
a. Obtain Credit Rating.
b. Entries in Register of Deposits.
c. Issue Deposit Receipt.


Explain the following term/concept.
Secured Deposit


Explain the following term/concept.
Deposit Repayment Reserve Account


Justify the following statement
Company has to fulfill certain provisions related to issue of circular or advertisement.


Justify the following statement
While issuing secured deposits, company has to appoint Deposit Trustee.


Justify the following statement.

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


Find the odd one.


Select the correct option from the bracket.

Group ‘A’ Group ‘B’
a) Retained earnings 1 ______
b)  ______ 2 Written communication
c) 36 months 3 ______
d) ______ 4 Charge on assets
e) Cash sales 5 ______

(Less working capital, Correspondence, Secured debentures, Internal source of finance, Maximum tenure of deposits.)


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?

Share
Notifications



      Forgot password?
Use app×