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Question
Write a word or a term or a phrase which can substitute the following statement.
Time within which company has to issue deposit Receipt
Solution
Within 21 days from date of receipt of deposit
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Answer in one sentence.
What is Deposit Repayment Reserve Account?
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For premature repayment of deposit, company deducts __________ % of interest.
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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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Period within which a company has to create a charge on its tangible assets
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Document issued by a company to invite its members to subscribe for its Deposits.
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Book which contains details of deposits accepted or renewed.
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Eligible public company can collect deposits from its members.
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Deposit can be accepted for a maximum of 36 months.
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Eligible public company can collect deposits from public not exceeding 35% of its paidup share capital and free reserves.
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Deposit Receipt is issued within 21 days of receipt of deposits.
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Company appoints Credit Rating Agency to protect the interest of depositors.
Find the odd one
Correct the underlined word and rewrite the following sentence.
Charge on assets is created when company issues unsecured deposit.
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Minimum tenure of deposit is 36 months.
Arrange in proper order.
a. Obtain Credit Rating.
b. Entries in Register of Deposits.
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Answer in brief.
State the contents of circular or Advertisement for Deposit
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.