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Government company can collect deposits from its members. - Secretarial Practice

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प्रश्न

Government company can collect deposits from its members.

विकल्प

  • True

  • False

MCQ
सत्य या असत्य

उत्तर

This statement is False.

Explanation:

Government Company can accept deposits from public not exceeding 35% of the paid up share capital and free reserves of the company.

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Terms and Conditions for Acceptance of Deposits
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 5: Deposits - Exercises [पृष्ठ ९०]

संबंधित प्रश्न

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.


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


State whether the following statement is true or false.
Eligible public company can collect deposits from its members.


State whether the following statement is true or false.

Eligible public company can collect deposits from public not exceeding 35% of its paidup share capital and free reserves.


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.)


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.
Charge on assets is created when company issues unsecured deposit.


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


Explain the following term/concept.
Eligible Public Company


Explain the following term/concept.
Deposit Trustee


Explain the following term/concept.
Deposit Repayment Reserve Account


Explain the following term/concept.
Credit Rating


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.


Arrange in Proper Order:

(a) Payment of Deposits

(b) Deposit Receipt

(c) Acceptance of Deposit


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