State with reason whether the following statement is true or false:
Correspondence with depositors is limited.

True

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False

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Solution

The correct option is A True
(i) A Company secretary has to conduct correspondence with depositors on different occasions.
(ii) Correspondence with depositors is limited as they are not the members of the company.
(iii) The relationship of depositors for a short- periods and comes to an end as soon as deposit are rapid.
(iv) Correspondence may be on the occasion such as:
(a) Giving thanks to depositor for depositing amount with the company.
(b) informing about payment of interest.
(c)asking for renewal of Deposits.
(d) at the time of the repayment o f deposits,etc.

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State with reason whether the following statement is true or false:Correspondence with depositors is limited.

State with reason whether the following statement is true or false:
Correspondence with depositors is limited.