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Question
Write a word or terrn or phrase which can substitute each of
the following statements:
The authority which has power to accept deposits.
Solution
The Board of Directors
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RELATED QUESTIONS
Draft a Letter to the depositor informing him/her about payment of interest.
State, with reasons, whether the following statements are True
or False (Any THREE) :
A company can accept deposits repayable on demand.
Select the proper option from the option given below and rewrite the sentences:
Company can accept deposits from public, maximum for _____ months.
Write notes on (Any Three)
Repayment of Deposits.
State, with reason, whether the following statement is True or False.
A public company can receive deposits from the public to any extent.
Draft a letter to a depositor informing him about payment of interest.
What are the provision and rules of companies Act1956 with respect to Acceptance of Public Deposits?
OR
What are the provision and rules of companies Act1956 with respect to the Invitation of Public deposits?
With reference to business finance, explain the following: Public Deposits
State the merits and demerits of public deposits and retained earnings as methods of business finance.
A public deposit is a deposit made by public in the nationalised banks.
What are public deposits?
Discuss the importance of public deposits as sources of medium and short-term finance.
Explain the pros and cons of public deposits as a source of business finance.
