Question

Write a letter for Renewal of deposit

Answer 1

A company can renew the tenure of a deposit in due compliance with the provisions of Section 58 A of the Companies Act 1956. This letter informs the depositor, that the deposit has been renewed for a further period. The deposit receipt is enclosed along with this letter.

Sunrise Industries Limited

60/A, V S. Khandekar Road,

Vile Parle (W), Mumbai - 400056.

web: http://www.shaalaa.com

Tel. No. : 022-61246871                Fax: 022-61246872

Ref. : C/35/2012                             17^th Feb 2012.

Smit. Kumudini S. Pandit

7728, L. J. Road,

Mahim, Mumbai - 16.

Sub: Renewal of fixed deposit

Dear Madam,

We hereby acknowledge receipt of your application for the renewal of the deposit of Rs. 10000 for a further period of one year. We have also received duly discharged deposit receipt No. 0064 within the stipulated fourteen days from maturity date along with clear instruction for renewal of deposit.

Accordingly, we have renewed your deposit for a further period of one year on the same terms and conditions. Enclosed along with this letter is deposit receipt No. 4215 dated 15^th Feb 2012 for the renewed deposit.

             It shall always be our endeavour to provide the best of our service to you at all times.

Thanking you.

 

Yours faithfully,

For Sunrise Industries Ltd.

Sd/-

Secretary

Encl: Deposit Receipt