Deposits are a means through which companies generally acquire funding. The provisions concerning deposits are covered under Sections 73 to 76 of the Companies Act, 2013, which are generally read with the prescribed Rules. In line with the provisions of Companies Act, 2013, the monies so received will be as deposits or loans.
Depositor shall be eligible for a fixed profit @20% (per annum) of the amount invested and the proportionate amount of profit will be disbursed monthly to the depositor. Subject to adjustments at the end of the financial year on declaration of actual profit and on finalization of the financial accounts of the company.
The actual profit will be calculated yearly and any short fall in the payment of profit already paid (monthly) will be disbursed at the close of the financial year to the investor (party).
Formal Deposit Agreement will be issued to the depositor.
Once enrolled, as depositor, he/she will be provided with an online account in which he/she will have a dashboard in which all relevant details including the amount deposited, element of profit , details of payment etc will available. He/she will also be provided an e-wallet used for transactions made online through a computer or smart phones.
In addition the investors shall be eligible for discounts @ 5 to 25 % ( investing 1 to 5 lakhs 5%, 5 to 10 lakhs 10% 10 to 15 lakhs 15% 15 to 20 lakhs 20% above 20 lakhs 25%) in all products and services offered by BRQ and also eligible for gift as per the volume of investment invest by the investor.