a) Dream World Entertainment Limited, has accepted deposits worth 50.00 lacs from public on 1st April 2019 for a period
Posted: Mon Apr 25, 2022 7:30 am
a) Dream World Entertainment Limited, has accepted deposits
worth 50.00 lacs from public on 1st April 2019 for a period of 24
months i.e. repayment of deposit would be made on 31st March 2021.
The rate of interest payable on such deposits is 9% p.a. One of the
depositors Mr. Aman requested the company on 1st June 2020 for
premature repayment of his deposit of 6.00 lacs along with
interest. Advise the company in the said matter.
worth 50.00 lacs from public on 1st April 2019 for a period of 24
months i.e. repayment of deposit would be made on 31st March 2021.
The rate of interest payable on such deposits is 9% p.a. One of the
depositors Mr. Aman requested the company on 1st June 2020 for
premature repayment of his deposit of 6.00 lacs along with
interest. Advise the company in the said matter.