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Corporate & Other Laws
answered on 07-Jan-22 16:38
Lifiting of corporate veil is in which chapter
latest answer
No. But it would be good to know what it means. It simply means, company and its members are considered as distinct i.e. their is veil between them. In some cases, courts may left this veil - like in case of fraud, tax evasion, when there is need to determince character etc., i.e. in these situations separate legal status is disregarded
KESHAV TOSHNIWAL
CA Inter
★ 1K+
10
577
Quorum
Corporate & Other Laws
answered on 06-Jan-22 10:03
What is the reason behind the cancellation of meeting if called by requisitionist & quorum is not present?
latest answer
Sec 103(2) If the quorum is not present within half-an-hour from the time appointed for holding a meeting ( if called by requisitionists under section 100) shall stand cancelled: So the statute makes it compulsory for cancellation
Rakesh Shah
CA Final
★ 5K+
1
518
EGM
Corporate & Other Laws
answered on 07-Jan-22 16:10
Where can call EGM of meeting?
latest answer
Yes. But if called by members/ requisitionists, it shall be held either at the registered office or at some other place within the city, town or village in which the registered office of the company is situated.
Rakesh Shah
CA Final
★ 5K+
3
474
Incorporation of companies
Corporate & Other Laws
answered on 05-Jan-22 16:25
If duplicate or similar name is given to 2 company by mistake of ROC Newly reg company has to change the name right? But the old company has to request ROC within 3 Years of registration of such nee company What if the new company exist more than 3 years and no one has find out the duplicate name. What will the ROC do if the old company find out this duplicate name after 3 years
latest answer
It's not practical for ROC to allot duplicate name to another company in thia new electronic era. However, there's possibility of the same in case of companies which formed before a decade.
Ashfaq Ahmed
CA Final
★ 24K+
1
491
Huf
Direct Taxation
answered on 06-Jan-22 18:29
If i form a huf can i get the basic exemption limit for the huf and myself also
latest answer
Yes Income Tax Deductions under Section 80C This section allows a deduction of up to â?¹1.5 Lakh of your total taxable income and can be availed by individuals and HUF.
mani charan
CA Final
★ 3K+
2
561
Aop/boi/society/trust difference?
Direct Taxation
answered on 04-Jan-22 21:02
As we understand by definition that they form for a common objective by some group.. But whether they are to treated as society or trust and which itr to be filed for them.. Can anyone help with this?
latest answer
Each form of organization has advantages, disadvantages, risks, rewards, control, taxation. For benefits and costs of registering under each form of organization depends upon various things
vasabattula abhinav
CA Final
★ 85
3
695
Does it be consider as asset?
Direct Taxation
answered on 05-Jan-22 01:21
Do airpods are considered as asset and Amount costs to rs.12000? Do amount is a criteria to category as asset? What is the answer ?
latest answer
Asset must give economic benefits in the future for a business or profession , airpods are personal effects it is not a business asset irrespective of its cost
vasabattula abhinav
CA Final
★ 85
1
969
Question of portfolio management
Financial Management
answered on 06-Jan-22 00:26
Can someone please answer the 2and part of the 79th question?
latest answer
Thankyou
S S
CA Final
★ 0
2
566
May 22 exams
Exams
answered on 06-Jan-22 08:53
Is there any chance that the exams will be postponed due to omicron?
latest answer
Ok sir
S S
CA Final
★ 0
6
752
Capital receipt
Accountancy
answered on 04-Jan-22 16:00
What is the meaning of capital receipt & given an example
latest answer
non-recurring receipts, that which creates liability like a loan taken, shares capital received, grant for asset received or that which are against the sale of asset
Rakesh Shah
CA Final
★ 5K+
1
471