English

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. - Secretarial Practice

Advertisements
Advertisements

Question

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.

Options

  • True

  • False

MCQ
True or False

Solution

False

shaalaa.com
Terms and Conditions for Acceptance of Deposits
  Is there an error in this question or solution?
Chapter 5: Deposits - Exercises [Page 90]

APPEARS IN

RELATED QUESTIONS

When should a company file Return of Deposit? 


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 ______________________.


Write a word or a term or a phrase which can substitute the following statement.
Company which can accept deposits from public up to 35% of its paid-up share capital and free reserves.


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


Write a word or a term or a phrase which can substitute the following statement.
Agreement between company and Deposit Trustee.


State whether the following statement is true or false.
Return of deposit must be filed every year on or before 31st March.


State whether the following statement is true or false.

Deposit can be accepted for a maximum of 36 months.


State whether the following statement is true or false.

For secured deposits, company has to create a charge on its tangible assets.


State whether the following statement is true or false.
Deposit Trust Deed is an agreement between company and Deposit Trustee


Correct the underlined word and rewrite the following sentence.
Charge on assets is created when company issues unsecured deposit.


Correct the underlined word and rewrite the following sentence.
Minimum tenure of deposit is 36 months.


Explain the following term/concept.
Deposit Trustee


Explain the following term/concept.
Charge on tangible assets


Explain the following term/concept.
Deposit Insurance


Explain the following term/concept.
Deposit Repayment Reserve Account


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


Answer in brief.
State the provisions regarding appointment of Deposit Trustee.


Justify the following statement.

Companies have to create a charge on their tangible assets while issuing secured deposits.


Answer the following question:
Explain the provisions related to circular or advertisement for inviting deposits.


Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×