{"id":6248,"date":"2021-09-18T22:44:29","date_gmt":"2021-09-18T17:14:29","guid":{"rendered":"https:\/\/scholarsclasses.com\/blog\/?p=6248"},"modified":"2025-10-07T19:58:07","modified_gmt":"2025-10-07T14:28:07","slug":"12th-sp-chapter-5-exercise-deposits","status":"publish","type":"post","link":"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-5-exercise-deposits\/","title":{"rendered":"12th SP Chapter 5 Exercise (Deposits) &#8211; HSC Board &#8211; Free Solution"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_81 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69d4c928cc869\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69d4c928cc869\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-5-exercise-deposits\/#12th_SP_Chapter_5_Exercise\" >12th SP Chapter 5 Exercise<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-5-exercise-deposits\/#Chapter_5_%E2%80%93_Deposits\" >Chapter 5 &#8211; Deposits<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-5-exercise-deposits\/#Q1_A_Select_the_correct_answer_from_the_options_given_below_and_rewrite_the_statements\" >Q.1 A) Select the correct answer from the options given below and rewrite the statements.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-5-exercise-deposits\/#Q1_B_Match_the_pairs\" >Q.1 B) Match the pairs.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-5-exercise-deposits\/#Q1_C_Write_a_word_or_a_term_or_a_phrase_which_can_substitute_each_of_the_following_statements\" >Q.1 C) Write a word or a term or a phrase which can substitute each of the following statements.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-5-exercise-deposits\/#Q1_D_State_whether_the_following_statements_are_true_or_false\" >Q.1 D) State whether the following statements are true or false.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-5-exercise-deposits\/#Q1_E_Find_the_odd_one\" >Q.1 E) Find the odd one.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-5-exercise-deposits\/#Q1_F_Complete_the_sentences\" >Q.1 F) Complete the sentences.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-5-exercise-deposits\/#Q1_G_Select_the_correct_option_from_the_bracket\" >Q.1 G) Select the correct option from the bracket.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-5-exercise-deposits\/#Q1_H_Answer_in_one_sentence\" >Q.1 H) Answer in one sentence.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-5-exercise-deposits\/#Q1_I_Correct_the_underlined_words_and_rewrite_the_following_sentences\" >Q.1 I) Correct the underlined word\/s and rewrite the following sentences.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-5-exercise-deposits\/#Q1_J_Arrange_in_proper_order\" >Q.1 J) Arrange in proper order<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-5-exercise-deposits\/#Q2_Explain_the_following_termsconcepts\" >Q.2 Explain the following terms\/concepts.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-5-exercise-deposits\/#Q3_Study_the_following_casesituation_and_express_your_opinion\" >Q.3 Study the following case\/situation and express your opinion.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-5-exercise-deposits\/#Q4_Answer_in_brief\" >Q.4 Answer in brief.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-5-exercise-deposits\/#Q5_Justify_the_following_statements\" >Q.5 Justify the following statements.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-5-exercise-deposits\/#Q6_Answer_the_following_questions\" >Q.6 Answer the following questions.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-5-exercise-deposits\/#12th_Commerce_SP_Textbook_Solution\" >12th Commerce SP Textbook Solution<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-5-exercise-deposits\/#Check_out_other_posts_related_to_the_12th_Commerce\" >Check out other posts related to the 12th Commerce<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading has-text-align-center\"><span class=\"ez-toc-section\" id=\"12th_SP_Chapter_5_Exercise\"><\/span><strong>12th SP Chapter 5 Exercise<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-center has-black-color has-vivid-green-cyan-background-color has-text-color has-background has-medium-font-size\"><span class=\"ez-toc-section\" id=\"Chapter_5_%E2%80%93_Deposits\"><\/span>Chapter 5 &#8211; Deposits<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-cyan-bluish-gray-background-color has-background\"><span class=\"ez-toc-section\" id=\"Q1_A_Select_the_correct_answer_from_the_options_given_below_and_rewrite_the_statements\"><\/span>Q.1 A) Select the correct answer from the options given below and rewrite the statements.<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong>1) Deposit is a type of _____.<br>a) Owned capital <br>b) Short-term<\/strong><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\"> loan <br><\/mark><\/strong>c) Long term loan<\/p>\n\n\n\n<p><strong>2) Eligible public companies and Government companies can collect deposits from _____.<br><\/strong>a) Its employees <br><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">b) Public <br><\/mark><\/strong>c) RBI<\/p>\n\n\n\n<p><strong>3) Private company can accept deposits from its member or Directors upto not more than _____ % of its aggregate of paid-up share capital and free reserves.<\/strong><br><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">a) 100 <br><\/mark><\/strong>b) 35 <br>c) 25<\/p>\n\n\n\n<p><strong>4) A _____<\/strong><strong> Company can accept deposits from public not exceeding 35% of its paid-up share Capital and free reserves.<\/strong><br><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">a) Government <br><\/mark><\/strong>b) Private <br>c) Eligible Public<\/p>\n\n\n\n<p><strong>5) Deposit can be accepted for a minimum of 6 months and maximum for _____.<br><\/strong>months.<br><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">a) 36 <br><\/mark><\/strong>b) 3 <br>c) 30<\/p>\n\n\n\n<p><strong>6) Company issues _____ to invite its members to subscribe for its deposit scheme.<br><\/strong>a) Advertisement <br><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">b) Circular <br><\/mark><\/strong>c) Newspaper<\/p>\n\n\n\n<p><strong>7) Company can issue circulars or advertisements for inviting deposits after _____ days of filing it with Registrar of Companies.<\/strong><br><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">a) 30 <br><\/mark><\/strong>b) 21 <br>c) 7<\/p>\n\n\n\n<p><strong>8) Company has to appoint _____ to protect the interest of depositors.<br><\/strong>a) Debenture Trustees <br><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">b) Deposit Trustees <br><\/mark><\/strong>c) Credit Rating Agency<\/p>\n\n\n\n<p><strong>9) Charge on assets is to be created when a company issues _____.<br><\/strong>a) Unsecured deposit <br>b) Unsecured Debenture <br><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">c) Secured deposit<\/mark><\/strong><\/p>\n\n\n\n<p><strong>10) Deposit Receipt is issued within _____ days of receipt of deposit.<br><\/strong>a) 7 <br>b) 30 <br><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">c) 21<\/mark><\/strong><\/p>\n\n\n\n<p><strong>11) For premature repayment of deposit, company deducts _____ % of interest.<br><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">a) 1 <br><\/mark><\/strong>b) 18 <br>c) 20<\/p>\n\n\n\n<p><strong>12) Return of deposit must be filed every year on or before _____.<br><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">a) 30th June <br><\/mark><\/strong>b) 31st March <br>c) 30th April<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"576\" data-src=\"https:\/\/scholarsclasses.com\/blog\/wp-content\/uploads\/2021\/09\/12th-SP-Chapter-5-Exercise-1-1024x576.jpg\" alt=\"12th SP Chapter 5 Exercise\" class=\"wp-image-6428 lazyload\" title=\"\" data-srcset=\"https:\/\/scholarsclasses.com\/blog\/wp-content\/uploads\/2021\/09\/12th-SP-Chapter-5-Exercise-1-1024x576.jpg 1024w, https:\/\/scholarsclasses.com\/blog\/wp-content\/uploads\/2021\/09\/12th-SP-Chapter-5-Exercise-1-300x169.jpg 300w, https:\/\/scholarsclasses.com\/blog\/wp-content\/uploads\/2021\/09\/12th-SP-Chapter-5-Exercise-1-768x432.jpg 768w, https:\/\/scholarsclasses.com\/blog\/wp-content\/uploads\/2021\/09\/12th-SP-Chapter-5-Exercise-1-1536x864.jpg 1536w, https:\/\/scholarsclasses.com\/blog\/wp-content\/uploads\/2021\/09\/12th-SP-Chapter-5-Exercise-1-640x360.jpg 640w, https:\/\/scholarsclasses.com\/blog\/wp-content\/uploads\/2021\/09\/12th-SP-Chapter-5-Exercise-1.jpg 1920w\" data-sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1024px; --smush-placeholder-aspect-ratio: 1024\/576;\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-cyan-bluish-gray-background-color has-background\"><span class=\"ez-toc-section\" id=\"Q1_B_Match_the_pairs\"><\/span>Q.1 B) Match the pairs.<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Group A<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>Group B<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">a) Private Company<\/td><td class=\"has-text-align-center\" data-align=\"center\">1) 10% of aggregate of paid-up share capital + free reserves<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">b) Deposit Trust Deed<\/td><td class=\"has-text-align-center\" data-align=\"center\">2) Signed at least 7 days before issuing advertisement<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">c) Secured Deposit<\/td><td class=\"has-text-align-center\" data-align=\"center\">3) Maximum 30 months<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">d) Tenure of deposit<\/td><td class=\"has-text-align-center\" data-align=\"center\">4) Charge on tangible assets<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">e) Return of Deposit<\/td><td class=\"has-text-align-center\" data-align=\"center\">5) 100% aggregate of paid-up share capital + free reserves<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><\/td><td class=\"has-text-align-center\" data-align=\"center\">6) File on or before 31st March every year<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><\/td><td class=\"has-text-align-center\" data-align=\"center\">7) Signed 21 days after issuing advertisement<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><\/td><td class=\"has-text-align-center\" data-align=\"center\">8) Maximum 36 months<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><\/td><td class=\"has-text-align-center\" data-align=\"center\">9) Charge on intangible assets<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><\/td><td class=\"has-text-align-center\" data-align=\"center\">10) File on or before 30th June every year<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>Answers.   <br><\/strong>a. 5) 100% aggregate of paid-up share capital + free reserves<br>b. 2) Signed at least 7 days before issuing advertisement<br>c. 4) Charge on tangible assets<br>d. 8) Maximum 36 months<br>e. 10) File on or before 30th June every year<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-cyan-bluish-gray-background-color has-background\"><span class=\"ez-toc-section\" id=\"Q1_C_Write_a_word_or_a_term_or_a_phrase_which_can_substitute_each_of_the_following_statements\"><\/span>Q.1 C) Write a word or a term or a phrase which can substitute each of the following statements.<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong>1) A company which can accept deposits from its members, directors or their relatives not exceeding 100% of aggregate of paid up share capital and free reserves.<\/strong><br><span class=\"has-inline-color has-vivid-purple-color\">Ans: Private Company<\/span><\/p>\n\n\n\n<p><strong>2) Company which can accept deposits from public up to 35% of its paid-up share capital and free reserves.<br><\/strong><span class=\"has-inline-color has-vivid-purple-color\">Ans: Government Company<\/span><\/p>\n\n\n\n<p><strong>3) Minimum tenure of a deposit.<\/strong><br><span class=\"has-inline-color has-vivid-purple-color\">Ans: 6 Months<\/span><\/p>\n\n\n\n<p><strong>4) Maximum tenure of a deposit.<\/strong><br><span class=\"has-inline-color has-vivid-purple-color\">Ans: 36 Months<\/span><\/p>\n\n\n\n<p><strong>5) Period within which a company has to create a charge on its tangible assets.<\/strong><br><span class=\"has-inline-color has-vivid-purple-color\">Ans: Within 30 days of acceptance of deposits<\/span><\/p>\n\n\n\n<p><strong>6) Document issued b a company to invite its members to subscribe for its Deposits.<\/strong><br><span class=\"has-inline-color has-vivid-purple-color\">Ans: Circular<\/span><\/p>\n\n\n\n<p><strong>7) Agreement between company and Deposit Trustee.<\/strong><br><span class=\"has-inline-color has-vivid-purple-color\">Ans: Deposit Trust Deed<\/span><\/p>\n\n\n\n<p><strong>8) Account that can be used only for repaying deposits.<\/strong><br><span class=\"has-inline-color has-vivid-purple-color\">Ans: Deposit Repayment Reserve Account<\/span><\/p>\n\n\n\n<p><strong>9) Time within which company has to issue deposit Receipt.<\/strong><br><span class=\"has-inline-color has-vivid-purple-color\">Ans: Within 21 days from date of receipt of deposit <\/span><\/p>\n\n\n\n<p><strong>10) Book which contains details of deposits accepted or renewed.<\/strong><br><span class=\"has-inline-color has-vivid-purple-color\">Ans: Register of Deposit<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-cyan-bluish-gray-background-color has-background\"><span class=\"ez-toc-section\" id=\"Q1_D_State_whether_the_following_statements_are_true_or_false\"><\/span>Q.1 D) State whether the following statements are true or false.<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong>1) Return of deposit must be filed every year on or before 31st March.<br><\/strong><span class=\"has-inline-color has-vivid-purple-color\">Ans: False<\/span><\/p>\n\n\n\n<p><strong>2) Eligible public company can collect deposits from its members.<br><\/strong><span class=\"has-inline-color has-vivid-purple-color\">Ans: True<\/span><\/p>\n\n\n\n<p><strong>3) Government company can collect deposits from its members.<\/strong><br><span class=\"has-inline-color has-vivid-purple-color\">Ans: False<\/span><\/p>\n\n\n\n<p><strong>4) A private company can collect deposits from public.<br><\/strong><span class=\"has-inline-color has-vivid-purple-color\">Ans: False<\/span><\/p>\n\n\n\n<p><strong>5) Deposit can be accepted for a maximum of 36 months.<br><\/strong><span class=\"has-inline-color has-vivid-purple-color\">Ans: True<\/span><\/p>\n\n\n\n<p><strong>6) Eligible public company can collect deposits from public not exceeding 35% of its paid-up share capital and free reserves.<br><\/strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">Ans: False<\/mark><\/p>\n\n\n\n<p><strong>7) For secured deposits, company has to create a charge on its tangible assets.<br><\/strong><span class=\"has-inline-color has-vivid-purple-color\">Ans: True<\/span><\/p>\n\n\n\n<p><strong>8) Deposit Receipt is issued within 21 days of receipt of deposits.<br><\/strong><span class=\"has-inline-color has-vivid-purple-color\">Ans: True<\/span><\/p>\n\n\n\n<p><strong>9) Company appoints Credit Rating Agency to protect the interest of depositors.<br><\/strong><span class=\"has-inline-color has-vivid-purple-color\">Ans: False<\/span><\/p>\n\n\n\n<p><strong>10) Deposit Trust Deed is an agreement between company and Deposit Trustee.<br><\/strong><span class=\"has-inline-color has-vivid-purple-color\">Ans: True<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-cyan-bluish-gray-background-color has-background\"><span class=\"ez-toc-section\" id=\"Q1_E_Find_the_odd_one\"><\/span>Q.1 E) Find the odd one.<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>1) <strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">Private company<\/mark><\/strong>, Eligible public company, Government company.<\/p>\n\n\n\n<p>2) Deposit Trustee, Deposit Trust Deed, <strong><span class=\"has-inline-color has-vivid-purple-color\">Special Resolution<\/span><\/strong>.<\/p>\n\n\n\n<p>3) Appointment of Deposit Trustee, <strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">Appointment of Registrar of Companies<\/mark><\/strong>, Appointment of Credit Rating Agency.<\/p>\n\n\n\n<p class=\"has-text-align-center\"><strong><a href=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-notes\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-notes\/\" target=\"_blank\" rel=\"noreferrer noopener\">Balbharti Textbook Solutions for other subjects<\/a><br><a href=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-textbook-solutions\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-textbook-solutions\/\">Solution of all Chapters of SP<br><\/a> <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-chapter-1\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-chapter-1\/\" target=\"_blank\" rel=\"noreferrer noopener\">1<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-textbook-solutions-chapter-2\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-textbook-solutions-chapter-2\/\" target=\"_blank\" rel=\"noreferrer noopener\">2<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-3-solutions\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-3-solutions\/\" target=\"_blank\" rel=\"noreferrer noopener\">3<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-4-exercise\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-4-exercise\/\" target=\"_blank\" rel=\"noreferrer noopener\">4<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-5-exercise-deposits\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-5-exercise-deposits\/\" target=\"_blank\" rel=\"noreferrer noopener\">5<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-6-solution\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-6-solution\/\" target=\"_blank\" rel=\"noreferrer noopener\">6<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-7-solution\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-7-solution\/\" target=\"_blank\" rel=\"noreferrer noopener\">7<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-8-solution\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-8-solution\/\" target=\"_blank\" rel=\"noreferrer noopener\">8<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-9-solution\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-9-solution\/\" target=\"_blank\" rel=\"noreferrer noopener\">9<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-10-solution\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-10-solution\/\" target=\"_blank\" rel=\"noreferrer noopener\">10<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-11-solution\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-11-solution\/\" target=\"_blank\" rel=\"noreferrer noopener\">11<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-12-solutions\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-12-solutions\/\" target=\"_blank\" rel=\"noreferrer noopener\">12<\/a><\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-cyan-bluish-gray-background-color has-background\"><span class=\"ez-toc-section\" id=\"Q1_F_Complete_the_sentences\"><\/span>Q.1 F) Complete the sentences.<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>1) Deposit is a type of <strong><span style=\"text-decoration: underline;\">Short<\/span><\/strong> term loan.<\/p>\n\n\n\n<p>2) Eligible Public company and Govt. Company can accept deposits from<strong><span style=\"text-decoration: underline;\"> Public<\/span><\/strong>.<\/p>\n\n\n\n<p>3) To collect deposits from public, Eligible public company must have a net worth of not less than Rs <strong><span style=\"text-decoration: underline;\">100 Crores<\/span><\/strong>.<\/p>\n\n\n\n<p>4) A Government company can accept deposits from public not exceeding<span style=\"text-decoration: underline;\"> <strong>35% of its paid-up share capital and free reserves<\/strong><\/span> .<\/p>\n\n\n\n<p>5) Deposits can be accepted or renewed for a period not less than 6 months and not more than <strong><span style=\"text-decoration: underline;\">36 Months<\/span><\/strong> .<\/p>\n\n\n\n<p>6) Company cannot accept or renew deposits repayable on <strong><span style=\"text-decoration: underline;\">demand<\/span><\/strong> .<\/p>\n\n\n\n<p>7) Premature repayment of deposits can be done b a company but not before <strong><span style=\"text-decoration: underline;\">3 Months<\/span><\/strong>.<\/p>\n\n\n\n<p>8) To invite the public to subscribe for its deposits, a company issues <strong><span style=\"text-decoration: underline;\">advertisement<\/span><\/strong>.<\/p>\n\n\n\n<p>9) Agency which gives ratings of the deposits of a company is called <strong><span style=\"text-decoration: underline;\">Credit Rating Agency<\/span><\/strong>.<\/p>\n\n\n\n<p>10) Account which is used only for repaying deposits is called <strong><span style=\"text-decoration: underline;\">Deposit Repayment Reserve Account<\/span><\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-cyan-bluish-gray-background-color has-background\"><span class=\"ez-toc-section\" id=\"Q1_G_Select_the_correct_option_from_the_bracket\"><\/span>Q.1 G) Select the correct option from the bracket.<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Group A<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>Group B<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">a) Government Company<\/td><td class=\"has-text-align-center\" data-align=\"center\">1) <span style=\"text-decoration: underline;\"><span class=\"has-inline-color has-vivid-purple-color\">Deposits from public<\/span><\/span><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">b) <span style=\"text-decoration: underline;\"><span class=\"has-inline-color has-vivid-purple-color\">Private Company<\/span><\/span><\/td><td class=\"has-text-align-center\" data-align=\"center\">2) Deposits from members<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">c) 36 months<\/td><td class=\"has-text-align-center\" data-align=\"center\">3) <span style=\"text-decoration: underline;\"><span class=\"has-inline-color has-vivid-purple-color\">Maximum tenure of deposits<\/span><\/span><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">d) <span style=\"text-decoration: underline;\"><span class=\"has-inline-color has-vivid-purple-color\">Secured deposits<\/span><\/span><\/td><td class=\"has-text-align-center\" data-align=\"center\">4) Charge on tangible assets<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">e) Return of deposit<\/td><td class=\"has-text-align-center\" data-align=\"center\">5) <span style=\"text-decoration: underline;\"><span class=\"has-inline-color has-vivid-purple-color\">File on or before 30th June<\/span><\/span><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-cyan-bluish-gray-background-color has-background\"><span class=\"ez-toc-section\" id=\"Q1_H_Answer_in_one_sentence\"><\/span>Q.1 H) Answer in one sentence.<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong>1) Which companies can accept deposits from public?<\/strong><br>Answer: Eligible Public company and Govt. Company can accept deposits from Public.<\/p>\n\n\n\n<p><strong>2) What is the maximum deposit the Government company can collect<\/strong>?<strong><br><\/strong>Answer: A Government company can accept deposits from public not exceeding 35% of its paid-up share capital and free reserves.<\/p>\n\n\n\n<p><strong>3) What is the tenure of a deposit?<br><\/strong>Answer: Deposits can be accepted for a period, not less than 6 months and not more than 36 Months.<\/p>\n\n\n\n<p><strong>4) Who are Deposit Trustees?<br><\/strong>Answer: Deposit Trustees protect the interest of the depositor in case a company defaults in repaying the depositors.<\/p>\n\n\n\n<p><strong>5) What is Deposit Trust Deed?<br><\/strong>Answer: An agreement between the deposit trustee and company is called a Deposit Trust Deed. <\/p>\n\n\n\n<p><strong>6) When does a company create charge on its tangible assets?<\/strong><br>Answer: A company create a charge on its tangible assets while issuing secured deposits.<\/p>\n\n\n\n<p><strong>7) Within what period should a company issue Deposit Receipt<\/strong>?<br>Answer: Deposit Receipt is issued within 21 days of receipt of deposits.<\/p>\n\n\n\n<p><strong>8) When should a company file Return of Deposit?<br><\/strong>Answer: Return of deposit must be filed every year on or before 30th June.<\/p>\n\n\n\n<p><strong>9) What is Deposit Repayment Reserve Account?<\/strong><br>Answer: Every company accepting deposits, has to open a Deposit Repayment Reserve Account in a scheduled Bank. Every year, on or before 30th April, company has to deposit an amount not less than 15% of the amount<br>of deposits maturing during the current year and following financial year. This account can be used only for repaying deposit.<\/p>\n\n\n\n<p><strong>10) What is Register of Deposit?<br><\/strong>Answer: A company has to maintain a separate Register for deposits accepted or renewed at its registered office. The details of the deposit along with the details of the depositors should be entered in the Register of Deposits within seven days from the date of issue of Deposit Receipt.<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-cyan-bluish-gray-background-color has-background\"><span class=\"ez-toc-section\" id=\"Q1_I_Correct_the_underlined_words_and_rewrite_the_following_sentences\"><\/span>Q.1 I) Correct the underlined word\/s and rewrite the following sentences.<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>1) Government Company can accept deposit from <strong><span style=\"text-decoration: underline;\">members<\/span><\/strong>.<br>Answer: Public<\/p>\n\n\n\n<p>2) Company issues <strong><span style=\"text-decoration: underline;\">advertisement<\/span><\/strong> to invite its members for subscribing to its deposits.<br>Answer: Circular<\/p>\n\n\n\n<p>3) Company appoints <strong><span style=\"text-decoration: underline;\">Credit Rating Agency<\/span><\/strong> to protect the interest of Depositors.<br>Answer: Deposit Trustees.<\/p>\n\n\n\n<p>4) Deposit Receipt is issued within <strong><span style=\"text-decoration: underline;\">seven days<\/span><\/strong> from date of receipt of deposits.<br>Answer: Twenty-one days.<\/p>\n\n\n\n<p>5) <strong><span style=\"text-decoration: underline;\">Register of deposits<\/span><\/strong> is to be filed with the Registrar of companies on or before 30th June every year.<br>Answer: Return of Deposit<\/p>\n\n\n\n<p>6) Charge on assets is created when company issues <strong><span style=\"text-decoration: underline;\">unsecured<\/span><\/strong> deposit.<br>Answer: Secured<\/p>\n\n\n\n<p>7) Minimum tenure of deposit is <strong><span style=\"text-decoration: underline;\">36<\/span><\/strong> months.<br>Answer: 6<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-cyan-bluish-gray-background-color has-background\"><span class=\"ez-toc-section\" id=\"Q1_J_Arrange_in_proper_order\"><\/span>Q.1 J) Arrange in proper order<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>1)<br>a. Appoint Deposit Trustee.<br>b. Hold General Meeting.<br>c. Create charge on assets.<br><strong>Answer:<\/strong> (b) Hold General Meeting  (a) Appoint Deposit Trustee  (c) Create charge on assets<\/p>\n\n\n\n<p>2) <br>a. File Return of deposit<br>b. Issue Deposit Receipt<br>c. Issue advertisement.<br><strong>Answer:<\/strong> (c) Issue advertisement  (b) Issue Deposit Receipt  (a) File Return of deposit<\/p>\n\n\n\n<p>3)<br>a. Obtain Credit Rating.<br>b. Entries in Register of Deposits.<br>c. Issue Deposit Receipt.<br><strong>Answer:<\/strong> (a) Obtain Credit Rating  (c) Issue Deposit Receipt  (b) Entries in Register of Deposits<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-cyan-bluish-gray-background-color has-background\"><span class=\"ez-toc-section\" id=\"Q2_Explain_the_following_termsconcepts\"><\/span>Q.2 Explain the following terms\/concepts.<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">1) Eligible Public Company<\/mark><\/strong><br><strong>Answer:<\/strong> These companies can accept deposits from their members and also from the public. Eligible public company means a company having :<br>a) A Net worth of not less than Rs 100 crores or,<br>b) Turnover of not less than Rs 500 crores and which has obtained prior approval of its shareholders through special resolution for accepting public deposits.<\/p>\n\n\n\n<p><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\"><strong>2) Tenure of Deposit<\/strong><\/mark><br><strong>Answer: <\/strong>a) No deposit can be accepted or renewed which is to be repaid within a period of six months or more than thirty-six months.<br>b) In certain circumstances, a company may accept deposits repayable earlier than six months to meet its short-term needs. <br>c) Such deposits must have a tenure of minimum three months and the amount of such deposits cannot be more than 10% of aggregate of the paid-up share capital and free reserves of the company. <\/p>\n\n\n\n<p><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">3) Secured Deposit<br><\/mark>Answer:<\/strong> a) A company can accept secured or unsecured deposit which should be clearly mentioned in the circular or advertisement inviting deposits. <br>b) If a company offers secured deposits, it has to create a charge on its tangible assets within 30 days of acceptance of deposits.<br>c) When issuing secured deposits, eligible companies and public companies have to appoint one or more Deposit Trustees.<br>d) A company accepting secured deposit from public, within thirty days of acceptance, has to create a charge on its tangible assets for an amount not less than the amount of deposit accepted.<\/p>\n\n\n\n<p><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">4) Deposit Trustee<\/mark><\/strong><br><strong>Answer:<\/strong> a) When issuing secured deposits, eligible companies and public companies have to appoint one or more Deposit Trustees. <br>b) The Trustees protect the interest of the depositor in case a company defaults in repaying the depositors.<br>Company signs a contract with the Deposit Trustees called as Trust Deed. It contains the terms and conditions of the contract. <br>c) The deed has to be signed at least 7 days before issuing the circular or advertisement.<\/p>\n\n\n\n<p><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\"><strong>5) Charge on tangible assets<\/strong><br><\/mark><strong>Answer:<\/strong> a) A company accepting secured deposit from public, within thirty days of acceptance, has to create a charge on its tangible assets for an amount not less than the amount of deposit accepted. <br>b) The minimum amount of security should be equal to the amount not covered by Deposit Insurance.<br>c) The Security is created in favour of the Deposit trustees.<\/p>\n\n\n\n<p><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\"><strong>6) Deposit Insurance<\/strong><br><\/mark><strong>Answer:<\/strong> a) A company needs to take Deposit Insurance at least 30 days before issue of circular or an advertisement. <br>b) If the amount of Deposit plus interest on it is up to Rs 20,000, insurance is to be taken.<\/p>\n\n\n\n<p><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">7) Deposit Repayment Reserve Account<br><\/mark>Answer:<\/strong> a) Every company accepting deposits, has to open a Deposit Repayment Reserve Account in a scheduled Bank. <br>b) Every year, on or before 30th April, company has to deposit an amount not less than 15% of the amount<br>of deposits maturing during the current year and following financial year. <br>c) This account can be used only for repaying deposit.<\/p>\n\n\n\n<p><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\"><strong>8) Credit Rating<\/strong><br><\/mark><strong>Answer:<\/strong> a) Every company has to get credit rating of its deposits and include the ratings in the circular or advertisement. <br>b) The Credit Rating Agency considers the net worth of the company, liquidity position, ability to repay deposits on time, etc., and accordingly gives a rating. <br>c) Rating shall be obtained every year during the tenure of the deposits.<\/p>\n\n\n\n<p><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\"><strong>9) Deposit Receipt<\/strong><br><\/mark><strong>Answer:<\/strong> Company has to issue Deposit Receipt to the depositors within twenty-one (21) days from date of receipt of money or realization of cheque. <br>b) The receipt has to be signed by the officer duly authorized b the Board of Directors. <br>c) The Receipt contains the name and address of the depositor, amount of deposit, rate of interest payable and<br>date on which it is repayable.<\/p>\n\n\n\n<p><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\"><strong>10) Return of Deposit<\/strong><br><\/mark><strong>Answer:<\/strong> a) A company has to file, on or before 30th June every year, with the Registrar of Companies a Return of Deposit. <br>b) The Return gives details of deposit with the company as on 31st March of that year.<\/p>\n\n\n\n<p class=\"has-text-align-center\"><strong><a href=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-notes\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-notes\/\" target=\"_blank\" rel=\"noreferrer noopener\">Balbharti Textbook Solutions for other subjects<\/a><br><a href=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-textbook-solutions\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-textbook-solutions\/\">Solution of all Chapters of SP<br><\/a> <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-chapter-1\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-chapter-1\/\" target=\"_blank\" rel=\"noreferrer noopener\">1<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-textbook-solutions-chapter-2\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-textbook-solutions-chapter-2\/\" target=\"_blank\" rel=\"noreferrer noopener\">2<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-3-solutions\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-3-solutions\/\" target=\"_blank\" rel=\"noreferrer noopener\">3<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-4-exercise\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-4-exercise\/\" target=\"_blank\" rel=\"noreferrer noopener\">4<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-5-exercise-deposits\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-5-exercise-deposits\/\" target=\"_blank\" rel=\"noreferrer noopener\">5<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-6-solution\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-6-solution\/\" target=\"_blank\" rel=\"noreferrer noopener\">6<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-7-solution\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-7-solution\/\" target=\"_blank\" rel=\"noreferrer noopener\">7<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-8-solution\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-8-solution\/\" target=\"_blank\" rel=\"noreferrer noopener\">8<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-9-solution\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-9-solution\/\" target=\"_blank\" rel=\"noreferrer noopener\">9<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-10-solution\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-10-solution\/\" target=\"_blank\" rel=\"noreferrer noopener\">10<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-11-solution\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-11-solution\/\" target=\"_blank\" rel=\"noreferrer noopener\">11<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-12-solutions\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-12-solutions\/\" target=\"_blank\" rel=\"noreferrer noopener\">12<\/a><\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-cyan-bluish-gray-background-color has-background\"><span class=\"ez-toc-section\" id=\"Q3_Study_the_following_casesituation_and_express_your_opinion\"><\/span>Q.3 Study the following case\/situation and express your opinion.<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\"><strong>(1) Apple Company Ltd. plans to raise funds through Public Deposits. It\u2019s net worth is Rs 10 Crores :<\/strong><\/mark><\/p>\n\n\n\n<p><strong>a) Can they accept deposits from the public?<br><\/strong>Answer: No, the company cannot accept deposits from the public because their net worth is only Rs 10 Crore, and to become eligible their net worth should not be less than Rs 100 crores.<\/p>\n\n\n\n<p><strong>b) Can they accept deposits which matures after 4 years.<\/strong><br><strong>Answer: <\/strong>No, the public company can accept deposits for a tenure of minimum of 6 months and maximum of 36 months only.<\/p>\n\n\n\n<p><strong>c) Within what period should the company issue deposit Receipt to it\u2019s depositors?<\/strong><br><strong>Answer:<\/strong> Company has to issue Deposit Receipt to the depositors within twenty-one (21) days from date of receipt of money or realization of cheque.<\/p>\n\n\n\n<p><strong><span class=\"has-inline-color has-vivid-purple-color\">(2) ABC Company Ltd. is an eligible Public Company as per the Companies Act, 2013 with reference to accepting Public Deposits :<\/span><\/strong><\/p>\n\n\n\n<p><strong>a) Can the company accept deposits in joint names?<\/strong><br><strong>Answer:<\/strong> Yes, the company can accept deposits in joint names but there should not be more than three names.<\/p>\n\n\n\n<p><strong>b) Can the company accept deposits from it\u2019s members?<\/strong><br><strong>Answer:<\/strong> Yes, the company is eligible as per the Companies Act 2013 and therefore it can accept deposits from its members.<\/p>\n\n\n\n<p><strong>c) Can the company issue secured deposits?<\/strong><br><strong>Answer:<\/strong> Yes, the company can issue secured deposits by creating charge over their tangible assets.<\/p>\n\n\n\n<p><strong><span class=\"has-inline-color has-vivid-purple-color\">(3) Apple Company Ltd. is an eligible Public Company. It plans to raise secured deposits from the public. Please advice its Board on the following :<\/span><\/strong><\/p>\n\n\n\n<p><strong>a) Does the company need to get shareholders approval for accepting deposits?<\/strong><br><strong>Answer:<\/strong> Yes, the company needs to get shareholder&#8217;s approval for accepting deposits. For this, board of directors can pass resolutions in general meetings for the approval of accepting deposits.<\/p>\n\n\n\n<p><strong>b) Does the company have to appoint a Deposit Trustee?<br>Answer:<\/strong> Yes, the company has to appoint a Deposit Trustee. because if a company wants to raise funds through secured deposit,  then it is compulsory to appoint a debenture trustee.<\/p>\n\n\n\n<p><strong>c) Within what period should the company create a charge on its assets?<\/strong><br><strong>Answer:<\/strong> A company has to create a charge on its tangible assets within 30 days.<\/p>\n\n\n\n<p><strong><span class=\"has-inline-color has-vivid-purple-color\">(4) SUN Pvt. Ltd. company wants to raise funds through deposits<\/span><\/strong> :<\/p>\n\n\n\n<p><strong>a) Can the company accept deposits from the public?<\/strong><br><strong>Answer:<\/strong> No, the company cannot accept deposits from the public. because Sun Pvt. Ltd. is a private company and it cannot accept deposit from public. Only eligible Public company and Govt. Company can accept deposits from Public.<\/p>\n\n\n\n<p><strong>b) Which document should the company issue to invite deposits?<br>Answer:<\/strong> Sun Pvt. Ltd. is a private company. therefore it should issue a circular to invite deposits from its members.<\/p>\n\n\n\n<p><strong>c) What is the maximum period for which they can accept deposits?<\/strong><br><strong>Answer:<\/strong> The maximum period for which they can accept deposits is 36 months.<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-cyan-bluish-gray-background-color has-background\"><span class=\"ez-toc-section\" id=\"Q4_Answer_in_brief\"><\/span>Q.4 Answer in brief.<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">1) State the amount of deposits that different types of companies can collect by way of deposits.<\/mark><\/strong><\/p>\n\n\n\n<p><strong>Answer:<\/strong> Public deposit is an important source of financing short-term requirements of company. Companies receive fixed deposits from the public for a period ranging from 6 months to 36 months. Such deposits are called as Public Deposits.<\/p>\n\n\n\n<p><strong>A) Private Company<\/strong><\/p>\n\n\n\n<p>1) A Private Company can accept deposits from its members or Directors or Relatives of Directors not more than 100 percent of its aggregate of paid-up share capital and free reserves.<br>2) However, certain class of Private Companies as specified b the Companies Act, can accept deposits more than 100 percent of its aggregate of paid-up share capital and free reserves.<\/p>\n\n\n\n<p><strong>B) Public Company (other than Eligible Company):<\/strong><\/p>\n\n\n\n<p>These Companies cannot accept fresh deposits from members if the amount of such deposits together with the previous deposits exceeds 25% of the aggregate of the paid-up share capital and free reserves of the company.<\/p>\n\n\n\n<p><strong>C) Eligible Public Company<\/strong>:<\/p>\n\n\n\n<p>From the Members &#8211; Cannot accept fresh deposits if the amount of such deposits together with the previous deposits exceeds 10% of aggregate of paid-up share capital and free Reserves.<br>From Public &#8211; Cannot accept fresh deposits if the amount of such deposits together with the previous deposits exceeds 25% of aggregate of paid-up share capital and free Reserves.<\/p>\n\n\n\n<p><strong>D) Government Company:<\/strong><\/p>\n\n\n\n<p>They can accept deposits from public not exceeding 35% of the paid-up share capital and free reserves of the company.<\/p>\n\n\n\n<p><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\"><strong>2) State the contents of circular or Advertisement for Deposit.<\/strong><\/mark><\/p>\n\n\n\n<p><strong>Answer:<\/strong> If a company invites deposits from its members, it issues a circular. But if it invites deposits from the public, company has to issue an advertisement.<\/p>\n\n\n\n<p><strong>a) Contents of circular or advertisement<\/strong>:<br>i) Statement about the financial position of the company<br>ii) The portion of secured and unsecured deposit of fresh issue<br>iii) Credit rating obtained from a Credit Rating Agency (only for eligible public company)<br>iv) Details of the scheme<br>v) Name of Deposit Trustees<br>vi) Amount due towards deposits of any previous deposits accepted by company.<\/p>\n\n\n\n<p><strong>b) Filing of circular or advertisement with Registrar of Companies:<\/strong><\/p>\n\n\n\n<p>The company has to file a copy of circular or Advertisement signed by all directors with the Registrar of Companies.<\/p>\n\n\n\n<p><strong>c) Issue of circular or Advertisement: <\/strong><\/p>\n\n\n\n<p>Only after 30 days of filing a copy of circular or Advertisement with the Registrar of Companies, the company can issue the circular or advertisement.<br>The company can send the circular to the members through registered post, speed post or as email.<br>To invite the public, company has to publish the advertisement in one English newspaper and one vernacular newspaper having wide circulation in the state where the company\u2019s registered office is located.<\/p>\n\n\n\n<p><strong>d) Validity of circular or advertisement:<\/strong> <\/p>\n\n\n\n<p>The circular or advertisement is valid for 6 months from the end of the financial year in which it was issued or the date on which the Annual General Meeting was held, whichever is earlier.<\/p>\n\n\n\n<p><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">3) State the provisions regarding appointment of Deposit Trustee.<\/mark><\/strong><\/p>\n\n\n\n<p><strong>Answer:<\/strong> <br><strong>The following are the provisions regarding appointment of Deposit Trustee:<\/strong><\/p>\n\n\n\n<p>a) When issuing secured deposits, eligible companies and public companies have to appoint one or more Deposit Trustees. <br>b) The Trustees protect the interest of the depositor in case a company defaults in repaying the depositors.<br>c) Company signs a contract with the Deposit Trustees called as Trust Deed. It contains the terms and conditions of the contract. <br>d) The deed has to be signed at least 7 days before issuing the circular or advertisement.<br>e) The Deposit Trustee on its own or on the request of one tenth of depositors, can call a meeting of all depositors when a company defaults in repaying deposits.<\/p>\n\n\n\n<p><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">4) State any four terms and conditions regarding acceptance of Deposit.<\/mark><\/strong><\/p>\n\n\n\n<p><strong>Answer:<\/strong> <br><strong>The following are the <strong>terms and conditions regarding acceptance of Deposit<\/strong><\/strong>:<\/p>\n\n\n\n<p><strong>1)Application Form<\/strong>:<\/p>\n\n\n\n<p>A company has to provide an application form. It should contain a declaration by the applicant that the deposit he is making is not made out of any money borrowed by him from another person.<\/p>\n\n\n\n<p><strong>2)Joint names<\/strong>:<\/p>\n\n\n\n<p>A company can accept deposits in joint names of depositors. But there should not be more than 3 names.<\/p>\n\n\n\n<p><strong>3) Nomination:<\/strong><\/p>\n\n\n\n<p>Every depositor at any time, has the right to nominate any person as nominee in the event of death of the depositor.<\/p>\n\n\n\n<p><strong>4) Appointment of Deposit Trustee:<\/strong><\/p>\n\n\n\n<p>When issuing secured deposits, eligible companies and public companies have to appoint one or more Deposit Trustees. The Trustees protect the interest of the depositor in case a company defaults in repaying the depositors. Company signs a contract with the Deposit Trustees called as Trust Deed. It contains the terms and conditions of the contract. The deed has to be signed at least 7 days before issuing the circular or advertisement.<\/p>\n\n\n\n<p><strong>5) Create charge on assets:<\/strong><\/p>\n\n\n\n<p>A company accepting a secured deposit from public, within thirty days of acceptance, has to create a charge on its tangible assets for an amount not less than the amount of deposit accepted. The minimum amount of security should be equal to the amount not covered by Deposit Insurance.<br>The Security is created in favour of the Deposit trustees.<\/p>\n\n\n\n<p><strong>6) Deposit Insurance:<\/strong><\/p>\n\n\n\n<p>A company needs to take Deposit Insurance at least 30 days before issuing circular or advertisement. If the amount of Deposit plus interest on it is up to Rs 20,000, insurance is to be taken.<\/p>\n\n\n\n<p><strong>7) Obtain credit rating:<\/strong><\/p>\n\n\n\n<p>Every company has to get a credit rating for its deposits and include the ratings in the circular or advertisement. The Credit Rating Agency considers the net worth of the company, liquidity position, ability to repay deposits on time, etc., and accordingly gives a rating. The rating shall be obtained every year during the tenure of the deposits.<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-cyan-bluish-gray-background-color has-background\"><span class=\"ez-toc-section\" id=\"Q5_Justify_the_following_statements\"><\/span>Q.5 Justify the following statements.<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\"><strong>1) All companies cannot accept deposits from public.<\/strong><\/mark><\/p>\n\n\n\n<p><strong>Answer:<\/strong> <br>a) A private company can accept deposit from its members or Directors or relatives of Directors.<br>b) Public Company (Other than eligible company) can accept deposits from its members or directors.<br>c) Eligible Public Company can accept deposits from their members and also from the public. Eligible public company means a company having :<br>i) A Net worth of not less than 100 crores or,<br>ii) Turnover of not less than 500 crores and which has obtained prior approval of its shareholders through special resolution for accepting public deposits.<\/p>\n\n\n\n<p><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">2) There is a limit or restriction on the amount that a company can collect as Deposits.<\/mark><\/strong><\/p>\n\n\n\n<p><strong>Answer: <\/strong><br><strong>A) <span style=\"text-decoration: underline;\">Private Company:<\/span><\/strong> <br>1) A Private Company can accept deposits from its members or Directors or Relatives of Directors not more than 100 percent of its aggregate of paid-up share capital and free reserves.<br>2) However, certain class of Private Companies as specified by the Companies Act, can accept deposits more than 100 percent of its aggregate of paid-up share capital and free reserves.<\/p>\n\n\n\n<p><strong>B) <span style=\"text-decoration: underline;\">Public Company (other than Eligible Company):<\/span><\/strong> These Companies cannot accept fresh deposit from members if the amount of such deposits together with the previous deposits exceeds 25% of the aggregate of the paid-up share capital and free reserves of the company.<\/p>\n\n\n\n<p><strong>C) <\/strong><span style=\"text-decoration: underline;\"><strong>Eligible Public Company<\/strong>:<\/span><br><strong><span style=\"text-decoration: underline;\">From the Members<\/span><\/strong> &#8211; Cannot accept fresh deposits if the amount of such deposits together with the previous deposits exceeds 10% of aggregate of paid-up share capital and free Reserves.<br>From Public &#8211; Cannot accept fresh deposits if the amount of such deposits together with the previous deposits exceeds 25% of aggregate of paid-up share capital and free Reserves.<\/p>\n\n\n\n<p><strong>D) <span style=\"text-decoration: underline;\">Government Company:<\/span><\/strong> They can accept deposits from public not exceeding 35% of the paid-up share capital and free reserves of the company.<\/p>\n\n\n\n<p><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">3) Company has to fulfill certain provisions related to issue of circular or advertisement.<\/mark><\/strong><\/p>\n\n\n\n<p><strong>Answer:<\/strong> <br>a) If a company invites deposits from its members, it issues a circular. But if it invites deposits from the public, company has to issue an advertisement.<br>b) Company has to file a copy of circular or Advertisement signed by all directors with the Registrar of Companies.<br>c) Only after 30 days of filing a copy of a circular or Advertisement with the Registrar of Companies, the company can issue the circular or advertisement.<br>e) Thus it is rightly justified that the company has to fulfill certain provisions related to issue of circular or advertisement<\/p>\n\n\n\n<p><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\"><strong>4) <\/strong><strong style=\"background-color: rgba(0, 0, 0, 0);\">While issuing secured deposits, company has to appoint Deposit Trustee.<\/strong><\/mark><\/p>\n\n\n\n<p><strong>Answer:<\/strong><br>a) When issuing secured deposits, eligible companies and public companies have to appoint one or more Deposit Trustees.<br>b) The Trustees protect the interest of the depositor in case a company defaults in repaying the depositors.<br>Company signs a contract with the Deposit Trustees called as Trust Deed. It contains the terms and conditions of the contract.<br>c) The deed has to be signed at least 7 days before issuing the circular or advertisement.<br>d) Thus it is rightly justified that, While issuing secured deposits, company has to appoint Deposit Trustee.<\/p>\n\n\n\n<p><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\"><strong>5) Companies have to create a charge on their tangible assets while issuing secured deposits.<\/strong><\/mark><\/p>\n\n\n\n<p><strong>Answer:<\/strong><br>a) A company accepting secured deposit from public, within thirty days of acceptance, has to create a charge on its tangible assets for an amount not less than the amount of deposit accepted.<br>b) The minimum amount of security should be equal to the amount not covered by Deposit Insurance.<br>c) The Security is created in favour of the Deposit trustees.<br>d) Thus it is rightly justified that, Companies have to create a charge on their tangible assets while issuing secured deposits.<\/p>\n\n\n\n<p><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\"><strong>6) Company issuing deposit must open Deposit Repayment Reserve Account.<\/strong><\/mark><\/p>\n\n\n\n<p><strong>Answer:<\/strong><br>a) Every company accepting deposits, has to open a Deposit Repayment Reserve Account in a scheduled Bank.<br>b) Every year, on or before 30th April, company has to deposit an amount not less than 15% of the amount<br>of deposits maturing during the current year and following financial year.<br>c) This account can be used only for repaying deposits.<br>d) Thus it is rightly justified that, Company issuing deposit must open Deposit Repayment Reserve Account.<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-cyan-bluish-gray-background-color has-background\"><span class=\"ez-toc-section\" id=\"Q6_Answer_the_following_questions\"><\/span>Q.6 Answer the following questions.<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong><span class=\"has-inline-color has-vivid-purple-color\">1) Explain the type of companies that can raise deposits along with the maximum amount they can raise as deposits.<\/span><\/strong><\/p>\n\n\n\n<p><strong>Answer:<\/strong> For the answer refer to Q.No 4 (1).<\/p>\n\n\n\n<p><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">2. Explain the provisions related to circular or advertisements for inviting deposits.<\/mark><\/strong><\/p>\n\n\n\n<p><strong>Answer:<\/strong> For the answer refer to Q.No 4 (2).<\/p>\n\n\n\n<p class=\"has-text-align-center\"><strong><a href=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-notes\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-notes\/\" target=\"_blank\" rel=\"noreferrer noopener\">Balbharti Textbook Solutions for other subjects<\/a><br><a href=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-textbook-solutions\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-textbook-solutions\/\">Solution of all Chapters of SP<br><\/a> <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-chapter-1\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-chapter-1\/\" target=\"_blank\" rel=\"noreferrer noopener\">1<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-textbook-solutions-chapter-2\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-textbook-solutions-chapter-2\/\" target=\"_blank\" rel=\"noreferrer noopener\">2<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-3-solutions\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-3-solutions\/\" target=\"_blank\" rel=\"noreferrer noopener\">3<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-4-exercise\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-4-exercise\/\" target=\"_blank\" rel=\"noreferrer noopener\">4<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-5-exercise-deposits\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-5-exercise-deposits\/\" target=\"_blank\" rel=\"noreferrer noopener\">5<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-6-solution\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-6-solution\/\" target=\"_blank\" rel=\"noreferrer noopener\">6<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-7-solution\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-7-solution\/\" target=\"_blank\" rel=\"noreferrer noopener\">7<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-8-solution\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-8-solution\/\" target=\"_blank\" rel=\"noreferrer noopener\">8<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-9-solution\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-9-solution\/\" target=\"_blank\" rel=\"noreferrer noopener\">9<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-10-solution\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-10-solution\/\" target=\"_blank\" rel=\"noreferrer noopener\">10<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-11-solution\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-11-solution\/\" target=\"_blank\" rel=\"noreferrer noopener\">11<\/a> &#8211; <a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-12-solutions\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-12-solutions\/\" target=\"_blank\" rel=\"noreferrer noopener\">12<\/a><\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center\"><span class=\"ez-toc-section\" id=\"12th_Commerce_SP_Textbook_Solution\"><\/span>12th Commerce SP Textbook Solution<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Chapter Name <\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-chapter-1\/\" data-type=\"link\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-chapter-1\/\">1) Introduction to Corporate Finance<\/a><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-textbook-solutions-chapter-2\/\" data-type=\"link\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-sp-textbook-solutions-chapter-2\/\">2) Sources of Corporate Finance<\/a><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-3-solutions\/\" data-type=\"link\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-3-solutions\/\">3) Issue of Shares<\/a><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-4-exercise\/\" data-type=\"link\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-4-exercise\/\">4) Issue of Debentures<\/a><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-5-exercise-deposits\/\" data-type=\"link\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-5-exercise-deposits\/\">5) Deposits<\/a><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-6-solution\/\" data-type=\"link\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-6-solution\/\">6) Correspondence with Members<\/a><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-7-solution\/\" data-type=\"link\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-7-solution\/\">7) Correspondence with Debentureholders<\/a><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-8-solution\/\" data-type=\"link\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-8-solution\/\">8) Correspondence with Depositors<\/a><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-9-solution\/\" data-type=\"link\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-9-solution\/\">9) Depository System<\/a><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-10-solution\/\" data-type=\"link\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-10-solution\/\">10) Dividend Interest<\/a><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-11-solution\/\" data-type=\"link\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-11-solution\/\">11) Financial Market<\/a><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-12-solutions\/\" data-type=\"link\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-sp-chapter-12-solutions\/\">12) Stock Exchange<\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center\"><span class=\"ez-toc-section\" id=\"Check_out_other_posts_related_to_the_12th_Commerce\"><\/span>Check out other posts related to the 12th Commerce<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/www.youtube.com\/@Scholarszilla\" data-type=\"link\" data-id=\"https:\/\/www.youtube.com\/@Scholarszilla\" target=\"_blank\" rel=\"noopener\">12th Commerce Video Lectures<\/a><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-notes\/\" data-type=\"link\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-notes\/\">Textbook Solutions of 12th Commerce (All Subjects)<\/a><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/scholarsclasses.com\/blog\/ebalbharti-12th-books-pdf\/\" data-type=\"link\" data-id=\"https:\/\/scholarsclasses.com\/blog\/ebalbharti-12th-books-pdf\/\"> Free PDF of 12th Commerce Textbooks <\/a><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/scholarsclasses.com\/blog\/hsc-it-online-exam\/\" data-type=\"link\" data-id=\"https:\/\/scholarsclasses.com\/blog\/hsc-it-online-exam\/\">12th Commerce IT MCQ Preparation (Online Test)<\/a><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/scholarsclasses.com\/blog\/new-paper-pattern-of-12th-commerce\/\" data-type=\"link\" data-id=\"https:\/\/scholarsclasses.com\/blog\/new-paper-pattern-of-12th-commerce\/\"> Free PDF of 12th Commerce Textbooks <\/a><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/scholarsclasses.com\/blog\/sample-question-paper-for-12th-commerce\/\" data-type=\"link\" data-id=\"https:\/\/scholarsclasses.com\/blog\/sample-question-paper-for-12th-commerce\/\">Sample Paper of 12th Commerce for Practice PDF<\/a><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-navneet-practice-papers-pdf\/\" data-type=\"link\" data-id=\"https:\/\/scholarsclasses.com\/blog\/12th-commerce-navneet-practice-papers-pdf\/\">PDF of Solved Sample papers of 12th Commerce to improve Paper Presentation<\/a><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/scholarsclasses.com\/blog\/hsc-previous-year-question-paper\/\" data-type=\"link\" data-id=\"https:\/\/scholarsclasses.com\/blog\/hsc-previous-year-question-paper\/\">Old Question Papers of 12th Commerce with solution (All Subjects)<\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":6428,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[5],"tags":[5627],"class_list":["post-6248","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hsc-maharashtra-board","tag-12th-sp-chapter-5-exercise"],"_links":{"self":[{"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/posts\/6248","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/comments?post=6248"}],"version-history":[{"count":29,"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/posts\/6248\/revisions"}],"predecessor-version":[{"id":39332,"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/posts\/6248\/revisions\/39332"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/media\/6428"}],"wp:attachment":[{"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/media?parent=6248"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/categories?post=6248"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/tags?post=6248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}