Question:
Company has to appoint _______ to protect the interest of depositors.
Company has to appoint _______ to protect the interest of depositors.
Show Hint
Always match the trustee to the type of instrument. 'Debenture trustees' are for debenture holders, and 'Deposit trustees' are for depositors. This helps avoid confusion between similar-sounding roles.
Updated On: Sep 12, 2025
- Debenture trustees
- Deposit trustees
- Credit Rating Agency
Hide Solution
Verified By Collegedunia
The Correct Option is B
Solution and Explanation
Step 1: Identify the key parties involved.
The question is about protecting the interests of 'depositors', who place fixed deposits with a company.
Step 2: Analyze the roles of the options provided.
Debenture trustees are appointed to protect the interests of debenture holders.
Deposit trustees are appointed specifically to safeguard the interests of individuals who have deposited money with the company. They act as a liaison between the company and the depositors.
A Credit Rating Agency assesses the financial health and creditworthiness of a company but does not directly protect depositors' interests.
Step 3: Match the role to the requirement.
The correct entity appointed to protect depositors is the Deposit trustee.
Was this answer helpful?
0
0
Top Questions on Corporate Governance
Questions Asked in Maharashtra Class XII exam
- Calculate the electric field intensity at a point just near the surface of a charged plane sheet, measured from its mid-point. [ \( \sigma = 8.85 \, \mu C/m^2 \) ]
- Maharashtra Class XII - 2025
- Electrostatics
- Write the condition for the function \( f(x) \), to be strictly increasing, for all \( x \in \mathbb{R} \).
- What are vestigeal organs?
- In absence of fertilization, corpus luteum degenerates into ____________.
- Maharashtra Class XII - 2025
- human reproduction
- What is value of B called, when H = 0 is in the hysteresis loop?
View More Questions