English

Complete the sentence:To invite the public to subscribe for its deposits, a company issues __________________. - Secretarial Practice

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Question

Complete the sentence:
Agency which gives ratings of the deposits of a company is called ______________.

Fill in the Blanks

Solution

Agency which gives ratings of the deposits of a company is called Credit Rating Agency 

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Terms and Conditions for Acceptance of Deposits
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Chapter 5: Deposits - Exercises [Page 90]

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RELATED QUESTIONS

Answer in one sentence.
When does a company create charge on it’s tangible assets?


Answer in one sentence.
What is Deposit Repayment Reserve Account?


Select the correct answer from the options given below and rewrite the statement:
Deposit is a type of ______________________.


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.
Maximum tenure of a deposit


Write a word or a term or a phrase which can substitute the following statement.
Time within which company has to issue deposit Receipt


Write a word or a term or a phrase which can substitute the following statement.
Book which contains details of deposits accepted or renewed.


State whether the following statement is true or false.

Eligible public company can collect deposits from public not exceeding 35% of its paidup share capital and free reserves.


State whether the following statement is true or false.
Company appoints Credit Rating Agency to protect the interest of depositors.


Explain the following term/concept.
Eligible Public Company


Explain the following term/concept.
Deposit Trustee


Explain the following term/concept.
Deposit Insurance


Answer in brief.
State the contents of circular or Advertisement for Deposit


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.


Arrange in Proper Order:

(a) Payment of Deposits

(b) Deposit Receipt

(c) Acceptance of Deposit


Study the following case/situation and express your opinion.

CC Company Ltd. is an eligible Public Company as per the Companies Act, 2013 with reference to accepting Public Deposits.
  1. Can the company accept deposits in joint names?
  2. Can the company accept deposits from its members?
  3. Can the company issue secure deposits?

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