Deposits

Deposit is a type of

• owned capital

• Long term capital

• Medium term capital

• Short term capital

Public companies other than eligible company can accept deposit from

• Public

• Directors

• Relative of Directors

• none

Eligible public company and Government company can collect deposit from

• its employee

• Public

• RBI

• None

Private company can accept deposits from its member or directors up to not more than ____ % of its aggregate of paid up share capital and free reserves

• 100

• 35

• 25

• 50

A ____ company can accept deposit from public not exceeding 35% of its paid up share capital and free reserves.

• Government company

• Public company

• Private company

• Eligible Public company

An eligible public company cannot accept deposits from members if the total deposits exceeds ____ % of aggregate of paid up share capital and free reserves

• 5

• 10

• 20

• 35

If the company offers secured deposits, then it has to charge on tangible asset within ___ days of acceptance of deposits

• 15

• 20

• 30

• 35

A company cannot accept joint deposits for more than ____ persons

• 3

• 5

• 7

• 2

The deposit trust deed has to be signed at least ____ days before issuing the circular or advertisement

• 5

• 6

• 7

• 8

The deposit trustee can call meeting when company defaults in repaying deposits on the request of ____ depositors

• 1/5th

• 1/8th

• 1/10th

• 1/6th