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Question
Government company can collect deposits from its members.
Options
True
False
Solution
This statement is False.
Explanation:
Government Company can accept deposits from public not exceeding 35% of the paid up share capital and free reserves of the company.
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RELATED QUESTIONS
Answer in one sentence.
When does a company create charge on it’s tangible assets?
Select the correct answer from the options given below and rewrite the statement:
Deposit is a type of ______________________.
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A company which can accept deposits from its members, directors, or their relatives not exceeding 100% of aggregate of paid up share capital and free reserves.
Write a word or a term or a phrase which can substitute the following statement.
Minimum tenure of a deposit.
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Maximum tenure of a deposit
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Book which contains details of deposits accepted or renewed.
State whether the following statement is true or false.
Deposit Receipt is issued within 21 days of receipt of deposits.
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Complete the sentence:
Agency which gives ratings of the deposits of a company is called ______________.
Select the correct option from the bracket.
| Group 'A' |
Group 'B' |
|
a) Government Company |
1) ___________________ |
|
b) ___________________ |
2) Deposits from members |
|
c) 36 months |
3) ___________________ |
|
d) ___________________ |
4) Charge on tangible assets |
|
e) Return of deposit |
5) __________________ |
(File on or before 30th June, Private Company, Secured deposits, Deposits from public, Maximum tenure of deposits.)
Correct the underlined word and rewrite the following sentence.
Charge on assets is created when company issues unsecured deposit.
Explain the following term/concept.
Eligible Public Company
Explain the following term/concept.
Tenure of Deposit
Explain the following term/concept.
Deposit Trustee
Explain the following term/concept.
Deposit Repayment Reserve Account
Justify the following statement.
Company has to fulfill certain provisions related to issue of circular or advertisement.
Answer the following question:
Explain the provisions related to circular or advertisement for inviting deposits.
Find the odd one.
