What is the maximum tenure for which a company can accept or renew deposits from its members as well as public?
Fin Limited is accepting deposits of various tenures from its members from time to time. The current Register of Deposits, maintained at its registered office is complete. State the minimum period for which it should mandatorily be preserved in good order.
Every company shall pay a penal rate of interest of per annum for the overdue period in case of deposits, whether secured or unsecured, matured and claimed but remaining unpaid:
As per the provisions of the Companies Act, 2013 and relevant rules thereunder, an eligible company is not permitted to accept from public or renew the same deposits (whether secured or unsecured) which is repayable on demand or in less than ______________ months. Further, the maximum period of acceptance of deposit cannot exceed ________________ months. But, for the purpose of meeting any of its short- term requirements of funds, a company may accept or renew deposits for repayment earlier than ____________months subject to certain conditions.
No deposits are repayable earlier than from the date of such deposits or renewal thereof.
Where depositors so desire, deposits may be accepted in joint names not exceeding ____
A company shall execute a deposit trust deed at least ----- days before issuing the circular or circular in the form of advertisement.
Varsha Limited decides to raise deposits of `Rs 20.00 lacs from its members. However, it proposes to secure such deposits partially by offering a security worth `Rs 15.00 lacs. Which of the following options best describe such deposits:
K Limited decides to raise deposits of ₹ 10.00 lakh from its members. However, it proposes to secure such deposits partially by offering a security worth ₹ 5.00 lakh. Which of the following options best describe such deposits:
Red Limited is accepting deposits of various tenures from its members from time to time. The current Register of Deposits, maintained at its registered office is complete. State the minimum period for which it should mandatorily be preserved in good order.
A reserve account that shall not be used by the company for any purpose other than repayment of deposits is called:
Wood Apple Limited accepts deposits of various tenures from its members from time to time. The current Register of Deposits, maintained at its registered office, is complete. State the minimum period for which it should mandatorily be preserved in good order.