Justify the following statement: Company has to fulfill certain provisions relating to issue of circular or advertisement.
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Solution and Explanation
Contents of Advertisement: The circular must be detailed and transparent. It must contain the financial position of the company, the portion of deposits guaranteed, the credit rating obtained from a recognized agency, the names of Deposit Trustees, and details of the deposit scheme.
Filing with Registrar of Companies (ROC): A copy of the circular or advertisement, signed by a majority of the company's directors, must be filed with the ROC before it is circulated to the public.
Issuing the Advertisement: The advertisement must be published in one leading English newspaper and one vernacular newspaper having wide circulation in the state where the company's registered office is located.
Validity: A circular or advertisement remains valid for six months from the end of the financial year in which it was issued or until the date on which the Annual General Meeting was held, whichever is earlier. A fresh advertisement is required for any new deposit scheme.
Fulfilling these provisions ensures that potential depositors are well-informed and their interests are protected, making the process transparent and compliant with the law.
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Observe the following diagram of the non-linear demand curve and answer the questions given below.
(1) If \( EB = EA \) (\( Ed = 1 \)) = ....… (1)
(2) If \( EB > EA \) (\( Ed > 1 \)) = ....... (1)
(3) If \( EB < EA \) (\( Ed < 1 \)) = ....... (1)
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Regulated Market
Regulated market is a wholesale market where buying and selling are regulated and controlled by the state government through the market committee.
Regulated market aims at the elimination of unhealthy and unscrupulous practices regarding charges and providing facilities to producers and sellers in the market. The poor standards of primary and secondary markets in agricultural market are cash transactions, short weights, excessive market charges, unauthorized deduction, and the absence of machinery to settle disputes between sellers and buyers. These defects and malpractices can be recovered by the establishment of Regulated market. According to the Bombay Agricultural Product Market Act-1939, this market is controlled. In this market mainly the trade of cereals, fruits, tobacco, cotton, groundnut, coconut, betel nut, potatoes and turmeric, etc. are controlled.
Questions:
(1) Which act regulates the market? (1)
(2) What are the poor standards in primary and secondary markets? (1)
(3) Give your opinion with reference to the above passage. (1)
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