Related InterviewSolutions

• What is the tenure of a deposit?
• Explain the following term/concept:Tenure of Deposit
• Explain the following term/concept:Secured Deposit
• State the number of deposits that different types of companies can collect by way of deposits.
• Study the following case/situation and express your opinion.Apple Company Ltd. is an Eligible Public Company. It plans to raise secured deposits from the public. Please advise its Board on the following.(a). Does the company need to get shareholders’ approval for accepting deposits?(b). Does the company have to appoint a Deposit Trustee?(c). Within what period should the company create a charge on it’s assets?
• Justify the following statement.There is a limit or restriction on the amount that a company can collect as Deposits.
• Study the following case/situation and express your opinion.SUN Pvt. Ltd. company wants to raise funds through deposits.(a). Can the company accept deposits from the public?(b). Which document should the company issue to invite deposits?(c). What is the maximum period for which they can accept deposits?
• Write a word or a term or a phrase that can substitute each of the following statements.1. 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.2. The company can accept deposits from the public up to 35% of its paid-up share capital and free reserves.3. Minimum tenure of a deposit.4. The maximum tenure of the deposit.5. Period within which a company has to create a charge on its tangible assets.6. Document issued by a company to invite its members to subscribe for its Deposits.7. Agreement between the company and Deposit Trustee.8. The account can be used only for repaying deposits.9. Time within which company has to issue deposit Receipt.10. Book which contains details of deposits accepted or renewed.
• What is the Register of Deposit?
• Arrange in proper order.1. Appoint Deposit Trustee, Hold General Meeting, Create charge on assets.2. File Return of deposit, Issue Deposit Receipt, Issue advertisement.3. Obtain Credit Rating, Entries in Register of Deposits, Issue Deposit Receipt.