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CA Inter Acceptance of Deposits by Companies — practice questions — page 2

Explore 54 free Acceptance of Deposits by Companies questions in CA Inter Law. Open each question or exercise to read its content, reference answers and available explanation.

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Acceptance of Deposits by Companies questions and exercises with answers

Showing questions 31–54 of 54.

An employee's non-interest security deposit is excluded up to what limit?Read the answer and worked solution →Non-interest bearing money held in trust is treated how under the Deposits Rules?Read the answer and worked solution →An advance for goods supply is excluded if appropriated within how long?Read the answer and worked solution →An advance for warranty services is excluded if the service period is at most?Read the answer and worked solution →A performance security deposit under a supply contract is treated how?Read the answer and worked solution →A refundable advance, for want of permission, is deemed deposit after how many days?Read the answer and worked solution →Money accepted by which company under section 406 rules is excluded?Read the answer and worked solution →Money from SEBI-registered mutual funds is treated how under the Deposits Rules?Read the answer and worked solution →Which debentures are excluded under the Deposits Rules?Read the answer and worked solution →Eligible company thresholds: net worth first, then turnover?Read the answer and worked solution →Rule 2(1)(e) normally requires which resolution of an eligible company?Read the answer and worked solution →Maximum period of a deposit under Rule 3 is how many months?Read the answer and worked solution →Short-term deposits must be repayable not earlier than how long after deposit?Read the answer and worked solution →Rule 3(2) allows a deposit in joint names of how many persons at most?Read the answer and worked solution →Private company member-money cap, as percent of capital, reserves and premium?Read the answer and worked solution →Deposit interest and brokerage may not exceed the maximum set by whom?Read the answer and worked solution →Who alone is entitled to brokerage on deposits procured for a company?Read the answer and worked solution →After issuing the circular, what may a company not reserve a right to do?Read the answer and worked solution →A section 73(2) company can send its member circular by which mode?Read the answer and worked solution →An eligible company's public deposit circular is issued in which form?Read the answer and worked solution →On whose authority and name must a deposit circular be issued?Read the answer and worked solution →Who signs the circular copy sent to the Registrar under Rule 4(5)?Read the answer and worked solution →A deposit circular stays valid for how long after the financial year closes (at most)?Read the answer and worked solution →Where must a company inviting public deposits upload the circular?Read the answer and worked solution →

Worked practice questions

An employee's non-interest security deposit is excluded up to what limit?

  1. His annual salary
  2. Six months' salary
  3. Rs 1 lakh per employee
  4. Three years' salary
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Correct answer: A. His annual salary

A non-interest bearing security deposit from an employee escapes deposit status so long as it does not exceed his annual salary.

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Non-interest bearing money held in trust is treated how under the Deposits Rules?

  1. Counted as a deposit
  2. Excluded from deposits
  3. Counted if unsecured
  4. Counted if over Rs 25 lakh
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Correct answer: B. Excluded from deposits

Rule 2(1)(c)(xi) leaves out any non-interest bearing amount received or held in trust.

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An advance for goods supply is excluded if appropriated within how long?

  1. 730 days
  2. 180 days
  3. 270 days
  4. 365 days
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Correct answer: D. 365 days

A business advance for supply of goods or services must be adjusted within three hundred and sixty five days of acceptance to stay outside deposits.

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More Law topics

Audit and AuditorsManagement and AdministrationShare Capital and DebenturesIncorporation of CompanyProspectus and Allotment of SecuritiesCompanies Act - PreliminaryThe General Clauses Act 1897Accounts of Companies