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प्रश्न
Justify the following statement
There is a limit or restriction on the amount that a company can collect as Deposits.
उत्तर
Justification:
(1) A private company can accept deposits from its members not exceeding 100% of the aggregate of the paid-up share capital and free reserves.
(2) A Public Company can accept deposits up to 25% of the aggregate of paid-up capital, free reserves and securities premium account.
(3) An Eligible company can accept deposits up to 25% of paid-up capital, free reserves, and securities premium account from 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.
(4) A Government company is eligible to accept deposits under section 76 of the Companies Act, 2013. It can accept deposits up to 35% of paid-up capital, free reserves, and securities premium account from the public. Thus, it is rightly justified that, there is a limit or restriction on the amount that a company can collect as deposits.
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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:
Eligible public company and Government Company can collect deposits from _____________.
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.
Match the pairs.
|
Group 'A' |
Group 'B' |
|
a) Private Company |
10% of aggregate of paid-up share Capital + free reserves |
|
b) Deposit Trust Deed |
Signed at least 7 days before issuing advertisement |
|
c) Secured Deposit |
Maximum 30 months |
|
d) Tenure of deposit |
Charge on tangible assets |
|
e) Return of Deposit |
100% aggregate of paid-up share capital + free reserves |
|
File on or before 31st March every year |
|
|
Signed 21 days after issuing advertisement |
|
|
Maximum 36 months |
|
|
Charge on intangible assets |
|
|
File on or before 30th June every year |
Find the odd one.
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 ___________.
Correct the underlined word and rewrite the following sentence.
Government Company can accept deposit from members.
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.
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.
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.
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.
What is the maximum period for which they can accept deposits?
