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Good will calculation
Accountancy
answered on 11-May-23 15:52
Can anyone explain me the second point and the adjustments to be made
latest answer
Ok sir. Thank you sir
Umayal Lakshmanan
CA Final
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5
322
Company can buy back share any time
Accountancy
answered on 10-May-23 07:27
Or some time
latest answer
According to Section 68 of the Companies Act 2013, a company can buy back its own shares if it has been authorized to do so by its articles of association and by a special resolution passed by its shareholders. The company can buy back its shares either from the existing shareholders or from the open market. Section 69 of the Companies Act 2013 lays down the rules and procedures that must be followed by the company when buying back its own shares. These include: The buyback can be made only out of the company's free reserves or securities premium account. The buyback must be made through a tender offer to all shareholders, and the offer must remain open for at least 15 days. The buyback price must be disclosed in the tender offer, and it cannot exceed the higher of the following: (a) the price paid by the company for its shares in the previous six months, or (b) the average of the weekly high and low of the closing prices of the shares on the stock exchange during the two weeks preceding the date of the tender offer. The company cannot make any further issue of shares for a period of six months after the completion of the buyback. The company must file a return of buyback with the Registrar of Companies within 30 days of the completion of the buyback.
Lkg Ydv
ACCA Professional
★ 915
2
324
Journal Interpret
Accountancy
answered on 10-May-23 10:45
Debentures due along with Interest ( 125400) Freehold property: 120000 The debenture holders took over freehold land at 2,10,000 and settled the balance after adjusting their dues. Debenture holders Account Dr. 1,25,400 Cash Account (2,10,000-1,25,400) Dr. 84,600 To Freehold Land. 1,20,000 To RC a/c (2,10,000-1,20,000) 90,000
latest answer
But you didn’t mention that its from reconstruction
Saravana Perumal
CA Final
★ 3K+
5
313
Capital reconstruction account question say prepare only capital reconstruction account sir
Accountancy
answered on 10-May-23 07:31
Then require to pass JE question only 5 marks
latest answer
Not required to pass JE.
Karan Yadav
CA Inter
★ 10
2
303
Banking - Illustration 2
Accountancy
answered on 10-May-23 07:37
Sir why the amount in the question is differ from answer for Interest and discount item ?
latest answer
2045+148+92+12 Refer to the additional information
Balamurugan V
CA Final
★ 52K+
1
299
Capital reconstruction
Accountancy
answered on 09-May-23 17:02
Adjustment 1 and 2 what is the entry I doing appoist entry I thinking printing mistake
latest answer
Haa what's ur doubt in this. I replied the same entry
Lkg Ydv
ACCA Professional
★ 915
10
277
Attears of prefrance divided which are not payble what is the entry
Accountancy
answered on 09-May-23 16:51
Chapter internal reconstruction
latest answer
Welcome and all the best
Karan Yadav
CA Inter
★ 10
5
286
Internal resnostruction
Accountancy
answered on 09-May-23 16:04
Can anybody please explain me this entry there are 4000 6% cumulative preference shares of ₹ 100 each
latest answer
Ohk
Gauri Shete
CA Final
★ 4K+
10
321
SLR and CRR
Accountancy
answered on 09-May-23 14:36
What rates of SLR and Crr applicable for may 23 advanced accounts banking companies ?
latest answer
SLR -18% CRR -4.5%
Nanditha Yara
CA Final
★ 15K+
1
302
Amalgamation
Accountancy
answered on 09-May-23 13:45
Should we have to eliminate mutual owings while calculating net assets computation?
latest answer
No. There are some problems where it is eliminated. General rule, no elimination
Naveen Vs
CA Inter
★ 470
2
281