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Correct the underlined word/s and rewrite the following sentences.1. Government companies can accept deposits from members.2. Company issues advertisement to invite its members for subscribing to its deposits.3. Company appoints Credit Rating Agency to protect the interest of Depositors.4. Deposit Receipt is issued within 7 days from the date of receipt of deposits.5. Register of deposits is to be filed with the Registrar of companies on or before 30th June every year.6. Charge on assets is created when a company issues unsecured deposits.7. The minimum tenure of the deposit is 36 months. |
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Answer» 1. Government companies can accept deposits from the public. 2. Company issues are circular to invite its members for subscribing to its deposits. 3. Company appoints Deposit Trustees to protect the interest of Depositors. 4. Deposit Receipt is issued within 21 days from the date of receipt of deposits. 5. Return of deposits is to be filed with the Registrar of companies on or before 30th June every year. 6. Charge on assets is created when the company issues secured deposits. 7. The minimum tenure of the deposit is 6 months. |
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