Bank policies for payment of Interest on overdue deposits and Current Deposit claims

(The rate of interest payable by banks on overdue deposits differs depending  upon the instances like renewal or  non- renewal  of the deposit for  a minimum stipulated period, death of the depositor before the maturity of the deposit, death of the depositor after the maturity of the deposit, interest payable on the deposit  amount left…

Difference between Subsidiary company, Sister concern, Associated company,Joint Venture,Conglomerate and Group of companies

A Subsidiary company can be described as an enterprise, the management of which is controlled by a parent company. The parent company is one which has one or more subsidiaries. In all cases the parent company will hold more than half of the voting power of the subsidiary company and controls financial and operating policy…