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Question 14 of 28

Q.Depositors are given voting rights.

(a) True
(b) False
Maharashtra MsbshseMaharashtra HSC (MSBSHSE) Board 2023MCQ· 1mImportance★★★★★
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The statement is False. Depositors are creditors of the company, so they do not enjoy any voting rights.

A deposit is money accepted by a company as a loan for a fixed term against payment of interest. A depositor therefore only lends money and does not become an owner of the company. Voting rights and control over the company's management are attached to ownership, i.e. to equity shareholders. Depositors have a right to rec …

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