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Chapter 4: Section 66(7)
Corporate & Other Laws
answered on 11-Mar-23 01:00
Can anyone pls explain this section A member of the company, past or present, shall not be liable to any call or contribution in respect of any share held by him exceeding the amount of difference,if any, between the amount paid on the share, or reduced amount, if any ,which is deemed to have been paid thereon, as the case may be, and the amount of the share as fixed by the order of reduction.
latest answer
This section says that liability of a member in respect of calls or contributions made before the reduction of share capital shall continue as if the reduction had not taken place. This means that any unpaid calls or contributions made by a member before the reduction in share capital will still be due and payable even after the reduction...
Neha Baliga
CA Inter
★ 16K+
1
429
ICITSS
Others
answered on 10-Mar-23 23:12
I have already registered for ICITSS and I have submitted the said documents through mail..My class is going to start by 16th March but still my status shows awaiting approval..Will they send any confirmation mail?
latest answer
It's showing the same for me also if you received confirmation mail from BOS , then it's fine. Or elso you can contact the centre where you have registered
Priya Ravi
CA Inter
★ 55K+
2
557
Investment Decision
Financial Management
answered on 10-Mar-23 20:34
In Nov18 RTP question. The incremental terminal cash flow has been calculated 250000-35000=215000 But in the class, the incremental terminal cash flow is calculated. 250000-21000= 229000 I.e. 35000-Tax on gain(14000) What are we supposed to follow?
latest answer
Thank you so much sir.
Angel Maria Varghese
CA Final
★ 9K+
6
508
Marginal cost ill 18
Costing
answered on 10-Mar-23 16:23
So here contribution is 3 per unit. So all the contribution attributable to MOS sales itself is profit. Profit is given in ques itself. So profit = MOS right Then why do we need these calculations?
latest answer
👍👍
Sugam SM
CA Final
★ 9K+
2
457
Chapter 1 R
Direct Taxation
answered on 13-Mar-23 19:47
How to solve date of depature from India problem and date of arival problem same as question no 1 just like 1 st problem
latest answer
First please complete your study of study material and questions given in that. Then you will be able to understand better.
R K
ACCA Skill
★ 9K+
7
525
Income from agriculture in japan is exempt from tax
Direct Taxation
answered on 10-Mar-23 16:08
H indian agriculture income exampt from tax what about forigin income
latest answer
Only agricultural income in India is exempt u/s10(1). If the assessee has agricultural income from out of India, it is not exempt and its taxability is dependent on the assessee as per sec 9
Rkg g
CA Inter
★ 980
2
741
IndiGo learn questions for costing
Costing
answered on 10-Mar-23 16:35
While solving sums in study material method of calculation is different Is it ok to follow all chapters in Indigo Learn material sums plus. All previous question papers RTP mtps
latest answer
It is true that the method of solving used in Study material and Suggested answers is a bit difficult. But, when we can arrive at the same answer with a different method, it is not at all a problem. If we present our calculations clearly and arrive at the same answer, marks will surely be awarded. The examiners are not so strict. Moreover, we have less time. We have to utilise it properly. When we have an easy method, why choose the tough one?
Madhu Reddy
CA Inter
★ 4K+
9
657
Statement of intention
Corporate & Other Laws
answered on 15-Mar-23 11:41
Can you explain how the statement given below is a statement of intention and not an offer. : ' an announcement to give scholarship to children scoring more than 95% in 12th board '
latest answer
No, it is not a general offer, does not qualify the conditions for a valid offer.
Dova Shaji
CA Inter
★ 520
4
906
Invitation to offer
Corporate & Other Laws
answered on 11-Mar-23 13:42
Can you explain how the statement given below is an invitation to offer and not an offer. : ' an announcement to give scholarship to children scoring more than 95% in 12th board '
latest answer
This has been discussed here - https://1fin.page.link/jequyLHH6V4AxYpg7
Dova Shaji
CA Inter
★ 520
2
2K+
Chapter 4 -Calls in advance
Corporate & Other Laws
answered on 10-Mar-23 13:51
Pls explain this statement: Advance payment will not lead to increased voting rights but delayed payment of call money could be the reason of decreased voting rights.
latest answer
The voting rights will not increase if you pay calls in advance. They will increase only when that part is called up. If you pay in advance even before they are called up, that does not mean any increase in voting rights. But, the voting rights will decrease if there are any calls in arrears.
Neha Baliga
CA Inter
★ 16K+
1
704