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Question
Correct the underlined word and rewrite the following sentence.
Charge on assets is created when company issues unsecured deposit.
Solution
Charge on assets is created when company issues secured deposit.
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RELATED QUESTIONS
When should a company file Return of Deposit?
Select the correct answer from the options given below and rewrite the statement:
Deposit is a type of ______________________.
Select the correct answer from the options given below and rewrite the statement:
For premature repayment of deposit, company deducts __________ % of interest.
Write a word or a term or a phrase which can substitute the following statement.
Period within which a company has to create a charge on its tangible assets
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Return of deposit must be filed every year on or before 31st March.
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Eligible public company can collect deposits from its members.
Government company can collect deposits from its members.
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Eligible public company can collect deposits from public not exceeding 35% of its paidup share capital and free reserves.
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Company appoints Credit Rating Agency to protect the interest of depositors.
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Complete the sentence:
Account which is used only for repaying deposits is called ______.
Arrange in proper order.
a. Appoint Deposit Trustee.
b. Hold General Meeting.
c. Create charge on assets.
Explain the following term/concept.
Charge on tangible assets
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.
Find the odd one.
Select the correct option from the bracket.
| Group ‘A’ | Group ‘B’ | ||
| a) | Retained earnings | 1 | ______ |
| b) | ______ | 2 | Written communication |
| c) | 36 months | 3 | ______ |
| d) | ______ | 4 | Charge on assets |
| e) | Cash sales | 5 | ______ |
(Less working capital, Correspondence, Secured debentures, Internal source of finance, Maximum tenure of deposits.)
