Aims and objectives of Informative report of public deposits invited by company
Answers
The main aim of inviting public deposits by a company is to finance the working capital needs of the organisation.
The other objective of inviting public deposits are -
To raise short term capital in a simple way without too many formalities.
They offer a cheaper way of generating capital compared to debenture and bank loans.
They create no charge on the assets as most of the public deposits are unsecured.
One of the aims of the informative reports of public deposits is to get the feedback from the members of the society about the ethical behaviours upon the running of the company on matters of environmental pollution and waste disposal in relation with the members of the society. They also helps in creating harmonious working relation between the company and the members of society due to help donations
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