Advertisements
Advertisements
प्रश्न
Answer the following question:
Explain the type of companies that can raise deposits along with the maximum amount they can raise as deposits.
उत्तर
Type of companies that can raise deposits along with the maximum amount they can raise as deposits are as follows:
(a) Private Company:
A private company can accept deposits from its members not exceeding 100% of the aggregate of the paid-up share capital and free reserves.
It can file details of such deposits to the Registrar in such manner as may be specified
(b) Public Company (Other than Eligible Company :
Both public and private companies can accept deposits from members.
A public company can accept deposits up to 25% of the aggregate of paid-up capital, free reserves and securities premium account
Rule 3(4) of Companies (Acceptance of Deposits) Rules, 2014.
For your understanding: Words 'securities premium account' have been inserted w.e.f. 15-9-2015.
(c) Eligible Public Company:
An 'Eligible Company', i.e. company eligible to accept deposits from the public under section 76(1) of Companies Act, 2013, can accept deposits up to 25% of paid-up capital, free reserves, and securities premium account from the public.
In addition, it can accept deposits up to 10% of the aggregate of paid-up share capital, free reserves, and securities premium account from members Rule 3(4) of Companies (Acceptance of Deposits) Rules, 2014.
(d) Government Company: A Government company is eligible to accept deposits under section 76 of Companies Act, 2013.
It can accept deposits up to 35% of paid-up capital, free reserves, and securities premium account from the public.
APPEARS IN
संबंधित प्रश्न
Answer in one sentence.
Which companies can accept deposits from the public?
Answer in one sentence.
Within what period should a company issue Deposit Receipt?
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.
Complete the sentence:
Deposits can be accepted or renewed for a period not less than 6 months and not more than ___________.
Arrange in proper order:
(a) File Return of deposit
(b) Issue Deposit Receipt
(c) Issue advertisement.
Study the following case/situation and express your opinion.
| Apple Company Ltd. plans to raise funds through Public Deposits. Its net worth is ₹10 Crores. |
- Can they accept deposits from the public?
- Can they accept deposits that mature after 4 years?
- 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 need to get shareholders approval for accepting 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.
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.
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.
Can the company accept deposits from the public?
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.
Apple Company Ltd. is an eligible Public Company. It plans to raise secured deposits from the public. Please advise its Board on the following.
- Does the company need to get shareholders’ approval for accepting deposits?
- Does the company have to appoint a Debenture Trustee?
- Within what period should the company create a charge on its assets?
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?
- Which document should the company issue to invite deposits?
- What is the maximum period for which they can accept deposits
Study the following case/situation and express your opinion:
ABC Limited a registered company has a clause of accepting deposits from the General Public in a Memorandum of association.
- Management has not passed a resolution in the board meeting for accepting deposits.
- Shareholder has not accepted the resolution and still company receives a deposit from general public.
