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auditing and auditors

Corporate & Other Laws

answered on 20-May-22 18:50

in case no auditor is appointed in the GM, the existing auditor is re-appointed. But what if his cooling period has started? What will the company do in such a case?

latest answer

Yes

Vaibhav Gupta

Vaibhav Gupta

CA Final

18K+

4

433

Declaration and payment of dividend

Corporate & Other Laws

answered on 17-May-22 10:54

Can government company declare dividend, out of accumulated profits of last F.Y. ( due to inadequacy or absence of profit in current financial year )

latest answer

Yes But second proviso to Sec 123(1) and sub-section (4) provisions are not applicable to Govt. Company i.e transfer to reserves and deposit to schedule bank after declaration

Harsh Mittal

Harsh Mittal

CA Final

1K+

3

448

government grants

Accountancy

answered on 16-May-22 23:11

Sometimes in government grants are refunded, what are the categories of that accounting standard 12 government grants

latest answer

Govt grants related to specific fixed assets Govt grants related to revenue Govt grants related to promotors contribution

MPR Sanjay Kumar

MPR Sanjay Kumar

CA Inter

530

1

446

Doubt

Corporate & Other Laws

answered on 17-May-22 13:36

Difference between winding up of company and strike of the name in register

latest answer

Ok understood sir, thank you :)

Shru Kanda

Shru Kanda

CA Inter

610

6

489

Allotment of security

Corporate & Other Laws

answered on 16-May-22 21:06

What is the time limit for allotment of share ?

latest answer

Within 60 days

nisam M

nisam M

CA Final

23K+

1

399

Sec 8 co

Corporate & Other Laws

answered on 16-May-22 21:30

Wen sec 8 company violates.. The central gov may revoke tge license and 1.amalgamate wid other sec 8 co. 2. Wind off 3. Can change the sec 8 co. To pvt ot public co..? My doubt is 3rd one crct.

latest answer

Yes voluntary conversion is possible. But in case of violation and revocation of license it is the givt who does that.

Shru Kanda

Shru Kanda

CA Inter

610

10

633

Incorporation of a company

Corporate & Other Laws

answered on 12-Aug-25 16:17

Ehats the difference between incorporation of company and effect of registration (registration of a company)

latest answer

Incorporation typically refers to the process of forming a company and getting it recognized as a separate legal entity by the Registrar of Companies (RoC) in India. Key Points: Governed by Section 3 to 7 of the Companies Act, 2013. Incorporation of a company Involves steps like: Selecting Company Name Drafting and filing Memorandum (MoA) & Articles of Association (AoA) Filing Incorporation forms (SPICe+, AGILE-PRO, etc.) Appointment of Directors Obtaining Certificate of Incorporation (COI) Outcome: Once the Registrar is satisfied with the submitted documents and provided information, the company is incorporated and a Certificate of Incorporation is issued. Effect of Registration (Section 9 of Companies Act, 2013) Definition: This refers to the legal consequences that follow once a company is incorporated and registered. Key Effects: The company becomes a corporate body. It acquires a separate legal identity from its members. It has perpetual succession. It can own property, enter into contracts, and sue or be sued in its own name. The Memorandum and Articles become binding contracts between the company and its members. In short, this is where the legal personality of the company begins. If you need more clarity on incorporation and effect of registration of a company in India, many experts i.e. Setindiabiz, are there to guide you! Hope it was helpful!

Shru Kanda

Shru Kanda

CA Inter

610

3

498

Negotiable Instruments Act, 1881

Corporate & Other Laws

answered on 16-May-22 20:55

If blank cheque is crossed as A/C payee cheque then will it lead to material alteration?

latest answer

Yes

Harsh Mittal

Harsh Mittal

CA Final

1K+

2

472

Quorum...sec 103

Corporate & Other Laws

answered on 17-May-22 11:08

I'm not able to understand the answer 1)whether meeting was properly held or not? 2)Will agenda 1-3 pass....I.e will it properly pass

latest answer

(1) Properly held (2) Properly passed

Gauri Shete

Gauri Shete

CA Final

5K+

2

501

GST APPLICABLE OR NOT

Indirect Taxation

answered on 16-May-22 20:01

Mr.X (Doctor) provides donation to Temple. Temple states Donated by Mr.A along with his hospital details In this case GST is applicable right?

latest answer

Thanks :)

Swetha S

Swetha S

CA Inter

15K+

4

540