Secretarial Practice · Class 12 Commerce
Ch 8Correspondence with Depositors — Class 12 Secretarial Practice, concept-first.
Correspondence with Depositors is the eighth chapter of the Maharashtra State Board (MSBSHSE) HSC Secretarial Practice syllabus for Std XII, standing right after Correspondence with Debenture-holders and just before Depository System.
Key concepts
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Meaning of Depositor and the Secretary's Role
A Depositor is a person or institution that places money with a company as a fixed deposit under Sections 73 to 76 of the Companies Act, 2013, becoming a creditor of the company entitled to interest and repayment as agre…
Most relevant Q&A
- State the occasions on which a Company Secretary has to correspond with the depositors of a company.Free
- State the essentials of a good letter written by a Company Secretary to a depositor.Preview
- A depositor of a company is, in the eyes of law, a ____ of the company. (A) Owner (B) Creditor (C) Trustee (D) EmployeeFree
- Distinguish between a Depositor and a Member of a company.Free
- Correct the underlined word and rewrite the following sentence: Depositors are **owners** of the company.Preview
Chapter contents
The NCERT structure, section by section. Open a section to see its questions, then read the concept-first solution.
Overview
Correspondence with Depositors is the eighth chapter of the Maharashtra State Board (MSBSHSE) HSC Secretarial Practice syllabus for Std XII, standing right after Correspondence with Debenture-holders…
Who Is a Depositor? The Secretary's Correspondence with Depositors
Chapter 5 defined a 'deposit', under Section 2(31) of the Companies Act, 2013, as any receipt of money by a company by way of deposit, loan, or in any other form (subject to the exclusions that chapte…
Acceptance of Deposit and Issue of the Deposit Receipt
A prospective depositor applies to the company on the prescribed application form (accompanying the circular the company has already issued to its members under Section 73(2), or the public advertisem…
Payment of Interest on Deposit
The rate of interest a company promises a depositor, and the frequency at which it is paid (commonly annually, though a Deposit Receipt may equally promise half-yearly or cumulative interest), are bot…
Renewal of Deposit
As a deposit's maturity date approaches, it is in both the company's and the depositor's interest for the Secretary to write well in advance — rather than wait for the depositor to ask what happens ne…
Repayment of Deposit on Maturity
Chapter 5 already established that repayment of a deposit must happen strictly on the date, and for the amount, stated in the Deposit Receipt — a company has no general right to delay repayment beyond…
Regret Letter for Non-Acceptance of a Deposit, with Refund
Not every deposit application a company receives can lawfully be accepted. Chapter 5 studied the statutory ceilings the Companies (Acceptance of Deposits) Rules, 2014 fix on the aggregate a company ma…
Sample & Board Papers
Sample papers and previous-year board questions for this subject.
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- Q1Correct the underlined word and rewrite the following sentence: Depositors are **owners** of the company.Preview
- Q2Draft a letter of thanks to the depositor of a company.Preview
- Q3Draft a letter to a depositor regarding repayment of his deposit.Preview
- Q4Write a letter to depositor regarding renewal of his deposit.Preview
- Q5Draft a letter to a depositor regarding repayment of his deposit.Preview
- Q6Draft a letter of thanks to the depositor of a company.Preview
- Q7Write short notes on the following: Renewal of depositsPreview
- Q8Attempt the following: Draft a letter of thanks to the depositor of a company.Preview
- Q9Attempt the following: Draft a letter to the depositor regarding repayment of deposit.Preview
More questions
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- Q7Draft a letter, on behalf of Vidarbha Textiles Limited, accepting a fixed deposit of Rs. 60,000 from Mrs. Sunita Kale for a period of 12 mon…Free
- Q8Draft a letter, on behalf of Bharat Plastics Limited, forwarding the annual interest due to Mr. Ramesh Gaikwad on his fixed deposit of Rs. 4…Free
- Q9Draft a letter, on behalf of Deccan Traders Limited, informing Mr. Vikas Pawar that his fixed deposit is maturing in two months, and invitin…Preview
- Q10Draft a letter, on behalf of Vidarbha Textiles Limited, enclosing a cheque in repayment of Mrs. Manisha Kulkarni's fixed deposit of Rs. 90,0…Preview
- Q11Draft a letter, on behalf of Konkan Agro Industries Limited, regretting the Company's inability to accept Mr. Abhijit More's fixed deposit a…Preview