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Question
Write a word or a term or a phrase which can substitute the following statement.
Company which can accept deposits from public up to 35% of its paid-up share capital and free reserves.
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Solution
Company which can accept deposits from public up to 35% of its paid-up share capital and free reserves. - Government Company
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RELATED QUESTIONS
Answer in one sentence.
What is Deposit Repayment Reserve Account?
Return of deposit must be filed every year on or before ______.
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Maximum tenure of a deposit
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Time within which company has to issue deposit Receipt
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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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Deposit Receipt is issued within 21 days of receipt of deposits.
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Company appoints Credit Rating Agency to protect the interest of depositors.
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Deposit Trust Deed is an agreement between company and Deposit Trustee
Find the odd one
Complete the sentence:
Agency which gives ratings of the deposits of a company is called ______________.
Correct the underlined word and rewrite the following sentence.
Minimum tenure of deposit is 36 months.
Arrange in proper order.
a. Appoint Deposit Trustee.
b. Hold General Meeting.
c. Create charge on assets.
Explain the following term/concept.
Secured Deposit
Explain the following term/concept.
Deposit Repayment Reserve Account.
Answer in brief.
State the provisions regarding appointment of Deposit Trustee.
Justify the following statement
While issuing secured deposits, company has to appoint Deposit Trustee.
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.)
