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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 - Secretarial Practice

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Question

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

One Word/Term Answer

Solution

Within 30 days of acceptance of deposits.

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Terms and Conditions for Acceptance of Deposits
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Chapter 5: Deposits - Exercises [Page 89]

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RELATED QUESTIONS

Answer in one sentence.
When does a company create charge on it’s tangible assets?


When should a company file Return of Deposit? 


Return of deposit must be filed every year on or before ______.


Write a word or a term or a phrase which can substitute the following statement.
Maximum tenure of a deposit


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.

Deposit can be accepted for a maximum of 36 months.


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


Find the odd one.


Complete the sentence:
Account which is used only for repaying deposits 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.
Minimum tenure of deposit is 36 months.


Explain the following term/concept.
Eligible Public Company


Explain the following term/concept.
Deposit Trustee


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


State any four terms and conditions regarding acceptance of Deposit.


Justify the following statement
While issuing secured deposits, company has to appoint Deposit Trustee.


Find the odd one.


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.)


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