Deposit is a type of ____________
- AOwned capital
- ✓Short term loan
- CLong term loan
Answer: B.
View full solution →Question types
Deposits question types
87 questions across 10 question groups — pick any mix to generate a Secretarial Practice paper with step-by-step answer keys.
87
Questions
10
Question groups
5
Question types
01
Select the correct answer from the options given below and rewrite the statement.
17 Q→02Give one word or phrase for the following sentence:
16 Q→03State whether the following statement is true or false.
14 Q→04Match the correct pairs
3 Q→05Explain the following term/concept in detail:
12 Q→06Study the following case/situations and express your opinion.
4 Q→07Answer in brife
5 Q→08Justify the following statement.
6 Q→09Answer the following questions
5 Q→10Find the odd one.
5 Q→Sample Questions
Deposits questions
One sample from each question group in this chapter. Select any group above to see the full set with answer keys.
Eligible Public Company and Government Company can collect deposits from ____________
- AIt’s employees
- ✓Public
- CRBI
Answer: B.
View full solution →A private company can accept deposits from its Member of Directors up to not more than ____________ % of its aggregate of paid-up share capital and free reserves.
- ✓100
- B35
- C25
Answer: A.
View full solution →A ____________ Company can accept deposits from the public not exceeding 35% of its paid-up share capital and free reserves.
- ✓Government
- BPrivate
- CEligible Public
Answer: A.
View full solution →Deposits can be accepted for a minimum of 6 months and maximum for ____________ months.
- ✓36
- B3
- C30
Answer: A.
View full solution →A company that can accept deposits from its members, directors, or their relatives not exceeding 100% of the aggregate of paid-up share capital and free reserves.
The company can accept deposits from the public up to 35% of its paid-up share capital and free reserves.
Minimum tenure of a deposit.
The maximum tenure of the deposit.
Period within which a company has to create a charge on its tangible assets.
Return of deposit must be filed every year on or before 31 March.
An eligible public company can collect deposits from its members.
A government company can collect deposits from its members.
A private company can collect deposits from the public.
The deposit can be accepted for a maximum of 36 months.
| Group ‘A’ | Group ‘B’ |
| (1) Private company | (a) Approval of secretary |
| (2) Period of deposit | (b) Can accept deposits from the public |
| (3) Validity of advertisement | (c) Can accept deposits from its members or relatives of directors or directors |
| (4) Board of directors | (d) Six months to three years |
| (5) Public company | (e) Approval of depositors |
| (f) Right to accept deposits | |
| (g) Six months to forty-two months | |
| (h) Refund of deposit before maturity | |
| (i) Ten months after the expiry of the financial year | |
| (j) Six months after the expiry of the financial year |
| Group ‘A’ | Group ‘B’ |
| (1) Return of deposits | (a) Cognisable criminal offense |
| (2) Deposits in contravention of the law | (b) 25% of paid-up capital |
| (3) Deposit Repayment Reserve Account | (c) Delivered to the registrar of companies |
| (4) Registrar of Companies | (d) Approved by the SEBI |
| (5) Eligible public company | (e) Filing of circular or advertisement |
| (f) On or before 30th June every year | |
| (g) Not less than 15% | |
| (h) Net worth 100 crores | |
| (i) Net worth 10 crores | |
| (j) No punishment |
Interest on Deposit
Register of Deposit
Return of Deposit
Deposit Receipt
Credit Rating
SUN Pvt. Ltd. company wants to raise funds through deposits.
Q-1 Can the company accept deposits from the public?
Q-2 Which document should the company issue to invite deposits?
Q-3 What is the maximum period for which they can accept deposits?
Apple Company Ltd. is an Eligible Public Company. It plans to raise secured deposits from the public. Please advise its Board on the following.
Q-1 Does the company need to get shareholders’ approval for accepting deposits?
Q-2 Does the company have to appoint a Deposit Trustee?
Q-3 Within what period should the company create a charge on it’s assets?
ABC Company Ltd. is an Eligible Public Company as per the Companies Act, 2013 with reference to accepting Public Deposits.
Q-1 Can the company accept deposits in joint names?
Q-2 Can the company accept deposits from it’s members?
Q-3 Can the company issue secure deposits?
Apple Company Ltd. plans to raise funds through Public Deposits. Its net worth is ₹ 10 Crores.
Q-1Can they accept deposits from the public?
Q-2Can they accept deposits that mature after 4 years?
Q-3Within what period should the company issue deposit Receipts to its depositors?
Explain the provisions related to the period/tenure of deposits.
State any four terms and conditions regarding the acceptance of the Deposit.
State the provisions regarding the appointment of Deposit Trustee.
State the contents of Circular or Advertisement for Deposit.
State the number of deposits that different types of companies can collect by way of deposits.
The company issuing deposit must open Deposit Repayment Reserve Account.
Companies have to create a charge on their tangible assets while issuing secured deposits.
While issuing secured deposits, the company has to appoint a Deposit Trustee.
The company has to fulfill certain provisions related to the issue of circular or advertisement.
There is a limit or restriction on the amount that a company can collect as Deposits.
Explain the procedure for accepting deposits from members.
Explain the procedure for accepting deposits from the public.
Explain terms and conditions for acceptance of deposits.
Explain the provisions related to circular or advertisement for inviting deposits.
Explain the type of companies that can raise deposits along with the maximum amount they can raise as deposits.
Return of deposits, stock exchange, registrar of companies.
English newspaper, application for, a regional newspaper.
Advertisements, Circular, Board meeting.
Six months, thirty-six months, forty-two months.
Record of deposits registered office of the companies, Registrar of companies.
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