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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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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.

One Word/Term Answer
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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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Terms and Conditions for Acceptance of Deposits
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Chapter 5: Deposits - Exercises [Page 89]

RELATED QUESTIONS

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


Select the correct answer from the options given below and rewrite the statement:
For premature repayment of deposit, company deducts __________ % of interest.


Write a word or a term or a phrase which can substitute the following statement.
Document issued by a company to invite its members to subscribe for its Deposits.


Write a word or a term or a phrase which can substitute the following statement.
Book which contains details of deposits accepted or renewed.


Return of deposit must be filed every year on or before 31st March.


Government company can collect deposits from its members.


Find the odd one.


Find the odd one


Complete the sentence:
Agency which gives ratings of the deposits of a company is called ______________.


Select the correct option from the bracket.

Group 'A'

Group 'B'

a) Government Company

1) ___________________

b) ___________________

2) Deposits from members

c) 36 months

3) ___________________

d) ___________________

4) Charge on tangible assets

e) Return of deposit

5)   __________________

(File on or before 30th June, Private Company, Secured deposits, Deposits from public, Maximum tenure of deposits.)


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 Trustee


Explain the following term/concept.

Deposit Repayment Reserve Account.


Explain the following term/concept.
Credit Rating


Answer in brief.
State the provisions regarding appointment of Deposit Trustee.


Justify the following statement.

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


Arrange in Proper Order:

(a) Payment of Deposits

(b) Deposit Receipt

(c) Acceptance of Deposit


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