Attempt the following.
1. Draft a letter of thanks to the depositor of a company.
Ans:
YASH INDUSTRIES LIMITED
Registered office: 102, New MIDC, Usha Tower, Shahu Chowk
Mumbai – 400 031,
CIN: L40407 MH 20050PLC710007
Phone: 022-23252323 Website: www.yashindustrieslimited.com
Fax : 022-23600445 E-mail : yash30@gmail.com
Ref. No. Y/MR-B/5/19-20 Date: 16th October, 2019
Ms. Yukta Shroff
715, Narayan Peth, Laxmi Road,
Pune – 411 038.
Sub . : Thanking Depositor for Fixed Deposit
Dear Madam,
We are in receipt of your application dated 5th April 2019 for investment of Rs 1,00,000 in the fixed deposit as per terms and conditions stated in advertisement for a period of 2 years. We are thankful to you for the initiative and the trust you have shown in depositing a substantial amount in our company.
The details of deposits accepted are given in the following schedule :
1 | 2 | 3 | 4 | 5 | |
Fixed Deposit Receipt No. | Amount of Deposit (Rs) | Period of Deposit (years) | Rate of Interest (%) | Bank Details | |
Name of the Bank | Bank Account No. | ||||
678 | ` 1,00,000 | 2 years | 12.5% | City Bank | 222040 |
The Board of Directors of our company expresses its gratitude for depositing money in our company.
We assure you of our best services and thank you for the confidence shown in our company.
Thanking you,
Yours faithfully, For Yash Industries Limited
Sign
(Mr. S. R. Naik)
Company Secretary
Encl :- Fixed Deposit Receipt No. 678
2. Draft a letter to depositor informing him about payment of interest through Interest Warrant.
Ans:
YASH INDUSTRIES LIMITED
Registered office: 102, New MIDC, Usha Tower, Shahu Chowk
Mumbai – 400 031,
CIN: L40407 MH 20050PLC710007
Phone: 022-23252323 Website: www.yashindustrieslimited.com
Fax : 022-23600445 E-mail : yash30@gmail.com
Ref. No. Y/MR-B/5/19-20 Date: 16th October, 2019
Ms. Yukta Shroff
715, Narayan Peth, Laxmi Road,
Pune – 411 038.
Sub . : Payment of Interest on Fixed Deposits
Dear Madam,
I am instructed by the Board of Directors to inform you that the interest @10% on your Fixed Deposit approved by the Board has become due. We are enclosing herewith ‘Interest Warrant’ No. 3345, dated 25th July, 2019 drawn on Axis Bank, Borivali Branch for ` 2,500/-. Your company has complied with all the provisions relating to payment of interest on deposits The details of your Fixed Deposit and interest payable on deposit are given in the following
schedule :
1 | 2 | 3 | 4 | 5 | 6 | 7 | |
Interest Warrant No. | Fixed Deposit Receipt. No. | Deposit Amount (Rs.) | Rate of Interest (%) | Gross Amount of Interest | TDS @ (10%) | Net Amount of Interest Payable (Rs) | |
3345 | 2032 | Rs 25,000 | 10% | Rs 2,500 | NIL | Rs 2,500/- |
Yours faithfully, For Yash Industries Limited
Sign
(Mr. S. R. Naik)
Company Secretary
Encl :- Interest Warrant
3. Write a letter to depositor regarding renewal of his deposit.
Ans:
YASH INDUSTRIES LIMITED
Registered office: 102, New MIDC, Usha Tower, Shahu Chowk
Mumbai – 400 031,
CIN: L40407 MH 20050PLC710007
Phone: 022-23252323 Website: www.yashindustrieslimited.com
Fax : 022-23600445 E-mail : yash30@gmail.com
Ref. No. Y/MR-B/5/19-20 Date: 16th October, 2019
Ms. Yukta Shroff
715, Narayan Peth, Laxmi Road,
Pune – 411 038.
Sub . : Renewal of Fixed Deposit
Dear Madam,
We hereby acknowledge the receipt of your application for renewal of deposit of Rs1,00,000 for a further period of two years. Along with the application we have also received original Fixed Deposit Receipt (FDR) No. 4625, and the same has been placed before the Board for consideration and approval.
The Board of Directors by passing a resolution at the Board meeting held on 17th March, 2019 has decided to renew the deposits for a further period of 2 years on the same terms and conditions.
A Deposit Receipt No. 5925 is enclosed along with this letter. Thanking you,
Yours faithfully, For Yash Industries Limited
Sign
(Mr. S. R. Naik)
Company Secretary
Encl :- Fixed Deposit Receipt No. 5925
4. Draft a letter to depositor regarding repayment of his deposit.
Ans:
YASH INDUSTRIES LIMITED
Registered office: 102, New MIDC, Usha Tower, Shahu Chowk
Mumbai – 400 031,
CIN: L40407 MH 20050PLC710007
Phone: 022-23252323 Website: www.yashindustrieslimited.com
Fax : 022-23600445 E-mail : yash30@gmail.com
Ref. No. Y/MR-B/5/19-20 Date: 16th October, 2019
Ms. Yukta Shroff
715, Narayan Peth, Laxmi Road,
Pune – 411 038.
Sub . : Repayment of Fixed Deposit
Dear Madam,
This is to inform you that your Fixed Deposit Receipt No. 5925 dated 1st December, 2017
for ` 1,00,000/- will be due for repayment on 30th November, 2019.
We have received from you the original Deposit Receipt No. 5925 duly discharged along with your instruction for repayment. The Board of Directors in the meeting held on 12th Novemeber, 2019 has passed a resolution for redemption of the deposits.
The details of repayment of deposit are as under :
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
Tenure of Deposit | Fixed Deposit Receipt. no. | Deposit Amt. (Rs) | Rate of Int. (10%) | Maturity Amt. (Rs) | TDS (10%) | Net Amt. | Due Date of Deposit |
2 years | 5925 | RS 1,00,000 | Rs 20,000 | Rs 1,20,000 | Rs 2,000 | Rs 1,18,000 | 30th Nov, 2019 |
Please find enclosed herewith a crossed cheque of Rs1,18000, bearing No. 426025 dated 30th November, 2019 drawn on Bank of Maharashtra, Shivaji Nagar, Pune – 411 005.
Thanking you,
Yours faithfully, For Yash Industries Limited
Sign
(Mr. S. R. Naik)
Company Secretary
Encl :- Crossed Cheque No. 426025
5. Draft a letter to depositor informing him about payment of interest electronically.
Ans:
YASH INDUSTRIES LIMITED
Registered office: 102, New MIDC, Usha Tower, Shahu Chowk
Mumbai – 400 031,
CIN: L40407 MH 20050PLC710007
Phone: 022-23252323 Website: www.yashindustrieslimited.com
Fax : 022-23600445 E-mail : yash30@gmail.com
Ref. No. Y/MR-B/5/19-20 Date: 16th October, 2019
Ms. Yukta Shroff
715, Narayan Peth, Laxmi Road,
Pune – 411 038.
Sub . : Payment of Interest on Fixed Deposit Electronically through ECS or NEFT.
Dear Madam,
I am instructed by the Board of Directors to convey to you that the Board has passed a resolution in the Board meeting held on 12th March,, 2019 to pay interest @ 10% on deposits for the year ending 31st March, 2019.
Your company has complied with all the provisions relating to payment of interest on deposits.
Details of Interest payable to you are as follows :
1 | 2 | 3 | 4 | 5 | 6 |
Fixed Deposit Receipt. No. | Deposit Amount (Rs) | Rate of Interest (%) | Gross Amount of Interest (Rs) | TDS @ (10%) | Net Amount of Interest payable (Rs) |
2032 | Rs. 25,000 | 10% | Rs 2,500 | NIL | Rs 2,500 |
Interest will be payable by electronic transfer (ECS/NEFT), i.e. by crediting said interest to your bank account as per details provided by you to the company.
Thanking you,
Yours faithfully, For Yash Industries Limited
Sign
(Mr. S. R. Naik)
Company Secretary