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प्रश्न
Explain the following term/concept.
Deposit Repayment Reserve Account
उत्तर
(1) A sum not less than 20% of the amount of its deposits maturing during a financial year shall be deposited in a separate bank account in a scheduled bank. For this, a company has to open an account called as 'Deposit Repayment Reserve Account'.
(2) The amount should be deposited on or before 30th April each year. The 'Deposit Repayment Reserve Account shall be used by the company only for the purpose of repayment of deposits.
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संबंधित प्रश्न
Answer in one sentence.
What is Deposit Repayment Reserve Account?
Return of deposit must be filed every year on or before ______.
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.
Time within which company has to issue deposit Receipt
Government company can collect deposits from its members.
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.
For secured deposits, company has to create a charge on its tangible assets.
Find the odd one.
Explain the following term/concept.
Eligible Public Company
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.
Credit Rating
Answer in brief.
State the provisions regarding appointment of Deposit Trustee.
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.
Find the odd one.
Give one word or phrase for the following sentence:
Type of company that can accept deposits only from its members or directors.
