English

State whether the following statement is true or false. For secured deposits, company has to create a charge on its tangible assets. - Secretarial Practice

Advertisements
Advertisements

Question

State whether the following statement is true or false.

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

Options

  • True

  • False

MCQ
True or False

Solution

True

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? 


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.
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.
Agreement between company and Deposit Trustee.


State whether the following statement is true or false.
Eligible public company can collect deposits from its members.


Government company can collect deposits from its members.


State whether the following statement is true or false.

A private company can collect deposits from public.


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


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


Find the odd one


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.


Arrange in proper order.
a. Appoint Deposit Trustee.
b. Hold General Meeting.
c. Create charge on assets.


Arrange in proper order.
a. Obtain Credit Rating.
b. Entries in Register of Deposits.
c. Issue Deposit Receipt.


State any four terms and conditions regarding acceptance of Deposit.


Justify the following statement.

Company has to fulfill certain provisions related to issue of circular or advertisement.


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.


Give one word or phrase for the following sentence:

Type of company that can accept deposits only from its members or directors.


Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×