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Question
Write a word or a term or a phrase which can substitute the following statement.
Minimum tenure of a deposit.
Solution
Minimum tenure of a deposit. - 6 month
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When should a company file Return of Deposit?
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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.
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Time within which company has to issue deposit Receipt
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.
Find the odd one
Complete the sentence:
Agency which gives ratings of the deposits of a company is called ______________.
Arrange in proper order.
a. Obtain Credit Rating.
b. Entries in Register of Deposits.
c. Issue Deposit Receipt.
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Secured Deposit
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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.
State any four terms and conditions regarding acceptance of Deposit.
Answer the following question:
Explain the provisions related to circular or advertisement for inviting deposits.
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.)
Arrange in Proper Order:
(a) Payment of Deposits
(b) Deposit Receipt
(c) Acceptance of Deposit
