Balbharati solutions for Secretarial Practice [English] 12 Standard HSC Maharashtra State Board chapter 5 - Deposits [Latest edition]

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

Select the correct answer from the options given below and rewrite the statement:
Eligible public company and Government Company can collect deposits from _____________.

Select the correct answer from the options given below and rewrite the statement:
Private company can accept deposits from its member or Directors upto not more than ___________ % of its aggregate of paid-up share Capital and free reserves.

Select the correct answer from the options given below and rewrite the statement:
A __________ Company can accept deposits from public not exceeding 35% of its paid-up share Capital and free reserves..

Deposit can be accepted for a minimum of 6 months and maximum for ____________ months.

Company issues ____________ to invite its members to subscribe for its deposit scheme.

Select the correct answer from the options given below and rewrite the statement:
Company can issue circular or advertisement for inviting deposits after _________ days of filing it with Registrar of Companies.

Company has to appoint ______ to protect the interest of depositors.

Select the correct answer from the options given below and rewrite the statement:
Charge on assets is to be created when a company issues ______________.

Select the correct answer from the options given below and rewrite the statement:
Deposit Receipt is issued within ______________ days of receipt of deposit

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

Return of deposit must be filed every year on or before ______.

Match the pairs.

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.

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.
Minimum tenure of a deposit.

Write a word or a term or a phrase which can substitute the following statement.
Maximum tenure of a deposit

Write a word or a term or a phrase which can substitute the following statement.
Period within which a company has to create a charge on its tangible assets

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.
Agreement between company and Deposit Trustee.

Write a word or a term or a phrase which can substitute the following statement.
Account that can be used only for repaying deposits

Write a word or a term or a phrase which can substitute the following statement.
Time within which company has to issue deposit Receipt

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

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

Government company can collect deposits from its members.

State whether the following statement is true or false.

A private company can collect deposits from public.

State whether the following statement is true or false.

Deposit can be accepted for a maximum of 36 months.

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.

State whether the following statement is true or false.

For secured deposits, company has to create a charge on its tangible assets.

State whether the following statement is true or false.

Deposit Receipt is issued within 21 days of receipt of deposits.

State whether the following statement is true or false.
Company appoints Credit Rating Agency to protect the interest of depositors.

State whether the following statement is true or false.
Deposit Trust Deed is an agreement between company and Deposit Trustee

Find the odd one.

Find the odd one.

Find the odd one

Complete the sentence:
Deposit is a type of  _____________ term loan.

Complete the sentence:
Eligible Public company and Govt. Company can accept deposits from ______________.

Complete the sentence:
To collect deposits from public, Eligible public company must have a net worth of not less than ___________

Complete the sentence:
A Government company can accept deposits from public not exceeding ____________.

Complete the sentence:
Deposits can be accepted or renewed for a period not less than 6 months and not more than ___________.

Complete the sentence:
Company cannot accept or renew deposits repayable on _____________.

Complete the sentence:
Premature repayment of deposits can be done by a company but not before _____________.

Complete the sentence:
To invite the public to subscribe for its deposits, a company issues __________________.

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

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

Select the correct option from the bracket.

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

Answer in one sentence.
Which companies can accept deposits from the public?

Answer in one sentence.
What is the maximum deposit the Government company can collect?

Answer in one sentence.
Who are Deposit Trustees?

Answer in one sentence.
What is Deposit Trust Deed?

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

Answer in one sentence.
Within what period should a company issue Deposit Receipt?

When should a company file Return of Deposit? 

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

Answer in one sentence.
What is Register of Deposit?

Correct the underlined word and rewrite the following sentence.
Government Company can accept deposit from members.

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.
Company appoints Credit Rating Agency to protect the interest of Depositors.

Correct the underlined word and rewrite the following sentence.
Deposit Receipt is issued within seven days from date of receipt of deposits

Correct the underlined word and rewrite the following sentence.
Register of deposits is to be filed with the Registrar of companies on or before 30th June every year.

Correct the underlined word and rewrite the following sentence.
Charge on assets is created when company issues unsecured deposit.

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.

Arrange in proper order:

(a) File Return of deposit

(b) Issue Deposit Receipt

(c) Issue advertisement.

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.
Tenure of Deposit

Explain the following term/concept.
Secured Deposit

Explain the following term/concept.
Deposit Trustee

Explain the following term/concept.
Charge on tangible assets

Explain the following term/concept.
Deposit Insurance

Explain the following term/concept.
Deposit Repayment Reserve Account

Explain the following term/concept.
Credit Rating

Explain the following term/concept.
Deposit Receipt

Explain the following term/concept.
Return of Deposit

Study the following case/situation and express your opinion.

1. Can they accept deposits from the public?
2. Can they accept deposits that mature after 4 years?
3. Within what period should the company issue deposit Receipts to its depositors?

Study the following case/situation and express your opinion.
ABC Company Ltd. is an eligible Public Company as per the Companies Act, 2013 with reference to accepting Public Deposits.
Can the company accept deposits in joint names?

Study the following case/situation and express your opinion.
ABC Company Ltd. is an eligible Public Company as per the Companies Act, 2013 with reference to accepting Public Deposits.
Can the company accept deposits from it’s members?

Study the following case/situation and express your opinion.
Apple Company Ltd. is an eligible Public Company. It plans to raise secured deposits from the public. Please advice its Board on the following. 
Does the company have to appoint a Debenture Trustee?

Study the following case/situation and express your opinion.

Apple Company Ltd. is an eligible Public Company. It plans to raise secured deposits from the public. Please advice its Board on the following.

Does the company need to get shareholders approval for accepting deposits?

Study the following case/situation and express your opinion.

ABC Company Ltd. is an eligible Public Company as per the Companies Act, 2013 with reference to accepting Public Deposits.

Can the company issue secured deposits?

Study the following case/situation and express your opinion.
Apple Company Ltd. is an eligible Public Company. It plans to raise secured deposits from the public. Please advice its Board on the following. 
Within what period should the company create a charge on it’s assets?

Study the following case/situation and express your opinion.
SUN Pvt. Ltd. company wants to raise funds through deposits.
What is the maximum period for which they can accept deposits?

Study the following case/situation and express your opinion.
SUN Pvt. Ltd. company wants to raise funds through deposits.
Which document should the company issue to invite deposits?

Study the following case/situation and express your opinion.
SUN Pvt. Ltd. company wants to raise funds through deposits.
Can the company accept deposits from the public?

State the amount of deposits that different types of companies can collect by way of deposits.

Answer in brief.
State the contents of circular or Advertisement for Deposit

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

State any four terms and conditions regarding acceptance of Deposit.

Justify the following statement

All companies cannot accept deposits from public.

Justify the following statement
There is a limit or restriction on the amount that a company can collect as Deposits.

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.

Justify the following statement.

The company issuing the deposit must open Deposit Repayment Reserve Account.

Answer the following question:
Explain the type of companies that can raise deposits along with the maximum amount they can raise as deposits.

Answer the following question:
Explain the provisions related to circular or advertisement for inviting deposits.