Average Rate of only Final Dividends to be Considered?

answered on 29-Mar-24 14:02

Hi ma'am, hope you're well. If the relevant period ran into loss, interim dividend can't be declared at a rate higher than the average dividend rate of the previous 3 FYs. Here for average dividend rate, do we only see the final dividend rates of the previous 3 FYs? Or do we see the interim dividend rates of the previous 3 FYs also? Thanks

latest answer

We use average of Final dividends declared by Company in 3 PFY

Devaprasad Jothimani

CA Inter

★ 0

2

33

Net worth Vs Net assets.

answered on 27-Mar-24 18:23

Could you plz explain the logic behind the concept of net assets and networth. Y net assets is not considered as Net worth ? Usually I feel confused in both terms .

latest answer

Yeah in accounts but remember different in fm

1 Minute Review

CA Inter

★ 405

15

108

Incorporation

answered on 22-Mar-24 15:53

When the director of the company uses the property and started sole proprietorship on his own. Is the above action is right?

latest answer

Ok thank you for the replies

Divya

CA Inter

★ 90

5

83

Unspent amount related to ongoing projects

answered on 19-Mar-24 12:18

In case of failure to spend, company shall transfer to a Fund specified in Schedule VII within 30 days or 6 months from date of completion of 3rd FY? Kindly clarify

latest answer

Thank you for clarifying

Swetha S

CA Inter

★ 3K+

3

67

Prospectus

answered on 26-Mar-24 14:47

Some questions it's 5% and in irregular allotment question it's 25%. What's the actual minimum application amount 5% or 25% ????

latest answer

According to Companies Act - 5% of nominal value According to SEBI - 25% of issue price.

Abhishek Sahu

CA Inter

★ 1K+

2

57

Prospectus

answered on 18-Mar-24 15:05

How we know that minimum subscription is not met ????

latest answer

Question clearly states "80% of the min subscription mentioned in prospectus us received". Means, Minimum subscription as per prospectus is not received fully which is one of the conditions under section 39. Hence, Invalid Allotment

Abhishek Sahu

CA Inter

★ 1K+

4

72

Preliminary

answered on 27-Mar-24 20:04

I have a doubt in definitions of holding and subsidiary company. In the said definitions it is mentioned that the expression "company" includes any body corporate. So apart from foreign companies even a LLP can become holding or subsidiary?

latest answer

yes

Leela Eswar

CA Inter

★ 5K+

10

129

business law

answered on 13-Mar-24 12:11

sir , if appropriation done by debtor then amount can be applied in time barred debts

latest answer

If the amount received from debtor, and debtor has not specified about the application of the amount on a specific debt, then check 1. If the amount is matching any particular debt. For ex:- Debts:- 1. 450/- [a time barred debt] 2. 300/- Received 300/- then, we have to adjust that payment to the second debt. 2. If no debt is matching the received amount then it is the choice of the creditor to settle the amount to a time barred debt.

GNANESWAR BEHARA

CA Foundation

★ 0

1

91

material

answered on 10-Mar-24 21:53

Hai i am a CA foundation student , i am following video lectures and ICAI modules , can you please tell me any best study material to study for my exams - mainly for BUSINESS LAW other than rtp , mtp and past year question please give me any material suggestion to study theory mainly for LAW

latest answer

You can use Indigo learns material its good

Vignesh s

CA Foundation

★ 3K+

1

87

Creation of charges

answered on 12-Mar-24 02:14

As per sec 77(1) The company shall register the charges from 30 days of creation of charge. If the failed, the same can be done within 60 days from date of Creation of charge by paying additional fees. This question is from BoS MCQ practice. First time attempting this paper I did 30 days, it marked wrong When I re attempted the paper I tried 60 days and still the answer is wrong. Can you please let me know which is the current answer?

latest answer

Thank you

Hamna KSMB

CA Inter

★ 6K+

2

76