Shradhha Metals Ltd. an eligible company had accepted deposits from the members and public and outstanding amount of secured deposits for the year…

Shradhha Metals Ltd. an eligible company had accepted deposits from the members and public and outstanding amount of secured deposits for the year ended on 31st March, 2025 was 50 crore. Out of this, 20 crore of deposits was due for its repayment during the financial year 2025-26. As per provisions of Chapter V of the Companies Act, 2013, the Company was required to place a certain percentage of deposits maturing during the following financial year in a scheduled bank in a separate bank account to be called as 'Deposit Repayment Reserve Account'. However, the Company deliberately avoided the compliance of the relevant provision. For the year ended on 31st March, 2025 the company had earned a net profit of the 35 crores (after providing depreciation in accordance with Schedule II). Apart from the current year's profit the company have free reserves amounting to 85 crore. The Board of Directors of the company recommended for payment of dividend at the rate of 15% per share on 14th July, 2025. Ritika, who had placed deposit of 5 lakh with the company that was maturing on 25th April, 2025. Ritika sent the original deposit receipt, duly discharged on its back, to company along with the details of her bank, to enable the company to credit the maturity proceeds directly in her bank account. However, the company did not pay the amount on its due date. When Ritika served a legal notice on the company through her Advocate, the company paid her the maturity proceeds on 13th July, 2025. There is one more depositor Rajesh who had not claimed his matured deposit on that date, but the company is not at default. Based on the facts given in above case scenario and by applying the relevant provisions of the Companies Act, 2013, choose the correct answer to the Questions (Question No. 6 to 8)