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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
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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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Account which is used only for repaying deposits is called ______.
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Company issues advertisement to invite its members for subscribing to its deposits
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Minimum tenure of deposit is 36 months.
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Deposit Insurance
Explain the following term/concept.
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State any four terms and conditions regarding acceptance of deposit.
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Company has to fulfill certain provisions related to issue of circular or advertisement.
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While issuing secured deposits, company has to appoint Deposit Trustee.
Find the odd one.
Select the correct option from the bracket.
| Group ‘A’ | Group ‘B’ | ||
| a) | Retained earnings | 1 | ______ |
| b) | ______ | 2 | Written communication |
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| e) | Cash sales | 5 | ______ |
(Less working capital, Correspondence, Secured debentures, Internal source of finance, Maximum tenure of deposits.)
Give one word or phrase for the following sentence:
Type of company that can accept deposits only from its members or directors.
Arrange in Proper Order:
(a) Payment of Deposits
(b) Deposit Receipt
(c) Acceptance of Deposit
