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Nominee qualification in OPC

Corporate & Other Laws

answered on 21-Oct-21 13:49

In Corporate law video 57 or part 3, the conclusion drawn, for the case study on whether Nisha has to withdraw her nominee because she has to leave the country post marriage, is that she is not eligible as she is not a resident. However, in the explanation the criteria states that the nominee has to be a. natural person, b. indian citizen, c. whether resident of otherwise. If resident or otherwise is what is stated in rule 3, Nisha can continue to be a nominee. Why it is stated she cannot continue. Please clarify.

latest answer

You are right, Person need not be resident in India for OPC nominee as long as he / she is Indian Citizen, And natural person

John Selvaraj

John Selvaraj

CA Inter

140

2

620

Deposits premature repayment concept.

Corporate & Other Laws

answered on 22-Oct-21 14:01

Mam, please answer the below MCQ with reason

latest answer

Thank you mam.

Star Ca

Star Ca

CA Inter

3K+

2

751

Audit of Trade Receivable

Auditing

answered on 21-Oct-21 02:40

What is meant by Current Year Ageing schedule

latest answer

For example you are conducting an audit of a company of FY 20_21 usually we audit the book of that company in the year 2021 in the month of august or September, so while doing ageing of debtors or trade receivables we check the balance of debtors weâ??re received after the audit period that is After 31/03/2021 till the audit date we check any amount o/s as on the date received and we check the trend of trade receivables and calculate the percentage of ageing for the audited year

Surya Prakash

Surya Prakash

CA Final

19K+

1

533

What is sec 111a and 112

Direct Taxation

answered on 21-Oct-21 22:59

Doubt

latest answer

In section 111a short term capital gains and its treatment of tax comes....means the tax rate for these type of income is 15% and if there is any deficiency in Normal income to usey bhi hum less kr skte h.....in income me se rebate bhi allowed hoti h but deduction kisi bhi type ka nhi diya jata..... While under 112 is related to long term capital gains and it is taxable@20% Isme se bhi deficiency less kr skte h example: hmare pas bss ltcg ki income h 500000 to isme se hum 250000 normal income ka less kr skte h or bche hue pr tax krenge..... deduction allowed hoti h inpr or rebate bhi milta h agr income 500000 se kam hoti h to

Chandramouli A

Chandramouli A

CA Inter

720

2

676

General

Others

answered on 20-Oct-21 20:16

I have one month classes in this app.. If I download classes.. Then that classes are remove or not

latest answer

Downloaded videos will play only till the validity of the class. they will not play after classes expire

Roshan Vignesh

Roshan Vignesh

CA Foundation

4K+

2

541

Hire purchase

Accountancy

answered on 21-Oct-21 13:56

What would be annuity factor if instead of rupees 1 there is 25 or some other number

latest answer

Annuity value factor is nothing but present value of Rs. 1 amount received for given years discounted at certain rate. Annuity value factor is always calculated in context of Rs. 1

Kalash Ojha

Kalash Ojha

CA Inter

465

3

550

Sale of goods act

Corporate & Other Laws

answered on 20-Dec-21 17:40

What is the mean of 'decree'?

latest answer

For example, We can say that the *court's order* to dissolve partnership.

Rakesh Shah

Rakesh Shah

CA Final

5K+

3

512

Account current

Accountancy

answered on 21-Oct-21 11:39

When to use red ink interest method when it is not given in the question.....

latest answer

Okay mam thx

Aditya  A.D

Aditya A.D

CA Foundation

10K+

4

566

BRS

Accountancy

answered on 20-Oct-21 15:22

Sir when to use adjusted cash book and when not to use adjusted cash If they didn't mention in the question. How to figure whether we should solve by adjusted cash book or not.

latest answer

Fine mam....

Aditya  A.D

Aditya A.D

CA Foundation

10K+

5

585

Doubt

Financial Management

answered on 20-Oct-21 20:25

Please explain this sum

latest answer

OK sir thank you

Miradevi S

Miradevi S

CA Final

16K+

6

608