English

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

Advertisements
Advertisements

Question

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

Fill in the Blanks

Solution

Deposits can be accepted or renewed for a period not less than 6 months and not more than 36 months.

shaalaa.com
Procedure for Accepting Deposits from Public
  Is there an error in this question or solution?
Chapter 5: Deposits - Exercises [Page 90]

APPEARS IN

RELATED QUESTIONS

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


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.


Find the odd one.


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


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.
  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 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.
Which document should the company issue to invite deposits?


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

  1. Does the company need to get shareholders’ approval for accepting deposits?
  2. Does the company have to appoint a Debenture Trustee? 
  3. Within what period should the company create a charge on its assets?

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.

  1. Management has not passed a resolution in the board meeting for accepting deposits.
  2. Shareholder has not accepted the resolution and still company receives a deposit from general public.

Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×