Law test question

asked 12 hrs ago

Can someone plz explain how it's answer is not option (d)

latest answer

No answers yet!!

Rifhat Khan

CA Inter

★ 27K+

0

24

Audit and Auditors

answered 13 hrs ago

Companies act is silent with regard to time limit for appointment for 1st auditors . It is for next or from incorporation?? EXAMPLE :- In case of Non Government Co. ; BOD shall appoint within 30 days of incorporation and further members within 90 days on failure. But , Act is silent about additional days or from incorporation! Hence , what to consider for exams ? Plz guide Mam !

latest answer

Oh ! Your faculty used conservative approach. Because it's assuming "within" than "Next " is better as Prudence Concept.

Varun Mulay

CA Inter

★ 33K+

6

51

Prospectus and allotment of securities

answered 2 days ago

Is past employees of a company considered in the calculation of Maximum limit of 200 members in a private placement?

latest answer

The limit of two hundred persons will exclude the qualified institutional buyers and Employees of the Company being offered ESOP. If any past employee does not fall in above exclusion, they can be considered in 200 limit.

Pooja .

CA Inter

★ 210

2

37

Sec 43 of Sales of goods act

asked on 24-Mar-23

Anyone please explain this section

latest answer

No answers yet!!

Lathika

CA Foundation

★ 3K+

0

36

Nego act

answered 2 days ago

Answer this question anyone

latest answer

Simply define Holder in due course under section 9. In this case E is HIDC and can recover amount from all prior parties.

Dhakshana Dhakshana

CA Inter

★ 17K+

2

39

Amendments

asked on 23-Mar-23

Is the highlighted portion of notes is an amendment or the entire notes which is provided is an amendment?

latest answer

No answers yet!!

Sugam SM

CA Inter

★ 7K+

0

46

Accounts of companies

answered on 24-Mar-23

Plss explain wat unadopted is

latest answer

Adoption of Financial Statements and Accounts is a ordinary business and to be done only in AGM. If Accounts remains unpassed in resolution in AGM due to lack of votes in favour or due to non conduct of AGM, they are said to be unadopted.

Reetikaa R

CA Inter

★ 7K+

2

55

Section 64 and section 65

answered on 24-Mar-23

I went through section 64 and section 65 but was not able to discover any prominent differences. I wanted to know what are the major differences between section 64 and section 65 ?

latest answer

Thank you for your reply! However, I came across a example for Section 65 in which, "A pays B 1,000 rupees in consideration of B‘s promising to marry C, A‘s daughter. C is dead at the time of the promise. The agreement is void, but B must repay A the 1,000 rupees." Isn't this an example of a voidable contract? Also, would it be correct to say that in Section 64 section, the contract is made void only on the option of party however in Section 65, situation force the contract to be void ? If yes then why is this example under Section 65 - " A, a singer, contracts with B, the manager of a theatre, to sing at his theatre for two nights in every week during the next two months, and B engages to pay her a hundred rupees for each night’s performance. On the sixth night, A "willfully" absents herself from the theatre, and B, in consequence rescinds the contract. B must pay A for the five nights on which she had sung.

Shiv Pandit

CA Foundation

★ 0

2

85

Debenture

answered on 20-Mar-23

Please explain me this That 500 represent rupee Or number

latest answer

500 is number of members/public

sai sruthi

CA Inter

★ 0

1

43

Negotiable instrument act 1881

answered on 20-Mar-23

What is the meaning of truncated cheque

latest answer

Cheques being physical in nature, during the process of their clearance in Banks, when instead of sending physical cheque forward, an electronic image of such physical cheque is forwarded, that is called a truncated cheque.

Rifhat Khan

CA Inter

★ 27K+

1

48