Question

a company must give deposit receipt to the depositor within ________ week of its acceptance.
(one / four / eight )​

Answer 1

Answer:

A company must give deposit receipt to the depositor within Eight weeks of its acceptance.

Explanation:

Under the companies act rules, on acceptance or renewing of deposit every company should furnish a depositor or his/her agent a receipt for a received amount by the company within eight weeks. This is considered from the time of re-installation of cheque. This deposit receipt should be signed by the officer of the company with the mentioned date of deposit. It should have name along with the address of depositor.