Correct the underlined word and rewrite the following sentences.

1. Government Company can accept deposit from members.
Ans: Government Company can accept deposit from Public.

2. Company issues advertisement to invite its members for subscribing to its deposits.
Ans: Company issues Circular to invite its members for subscribing to its deposits.

3. Company appoints Credit Rating Agency to protect the interest of Depositors.
Ans: Company appoints Deposit Trustees to protect the interest of Depositors.

4. Deposit Receipt is issued within seven days from date of receipt of deposits.
Ans: Deposit Receipt is issued within Twenty One days from date of receipt of deposits.

5. Register of deposits is to be filed with the Registrar of companies on or before 30th June every                 year.
Ans: Return of deposits is to be filed with the Registrar of companies on or before 30th June every                       year.

6. Charge on assets is created when company issues unsecured deposit.
Ans: Charge on assets is created when company issues secured deposit.

7. Minimum tenure of deposit is 36 months.
Ans: Minimum tenure of deposit is 6 months.