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Question
Write a word or a term or a phrase which can substitute the following statement.
Document issued by a company to invite its members to subscribe for its Deposits.
Solution
Circular
APPEARS IN
RELATED QUESTIONS
When should a company file Return of Deposit?
Answer in one sentence.
What is Deposit Repayment Reserve Account?
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Period within which a company has to create a charge on its tangible assets
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Agreement between company and Deposit Trustee.
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Book which contains details of deposits accepted or renewed.
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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.
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A private company can collect deposits from public.
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For secured deposits, company has to create a charge on its tangible assets.
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Deposit Trust Deed is an agreement between company and Deposit Trustee
Complete the sentence:
Agency which gives ratings of the deposits of a company is called ______________.
Correct the underlined word and rewrite the following sentence.
Company issues advertisement to invite its members for subscribing to its 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.
Tenure of Deposit
Explain the following term/concept.
Deposit Trustee
Explain the following term/concept.
Deposit Repayment Reserve Account
Answer in brief.
State the provisions regarding appointment of Deposit Trustee.
Justify the following statement
While issuing secured deposits, company has to appoint Deposit Trustee.
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.)
