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Corporate & Other Laws

answered on 13-Oct-21 15:59

What it mean 'pass such orders, as it may think t, for regulation of the management of the company including changes, if any, in its memorandum and articles, in public interest or in the interest of the company and its members and creditors;'

latest answer

The regulator may change MOA in public interest - Eg a company has clause in AOA / MOA on directors but say all directors resign - GOI can appoint fresh directors - happened in satyam - similar such cases can be thought of

Rakesh Shah

Rakesh Shah

CA Final

5K+

1

465

Comapny

Corporate & Other Laws

answered on 13-Oct-21 16:00

What it mean 'the Tribunal may, on an application made to it, on being satisfied that the situation so warrants,'

latest answer

What is there in this line to not understand? a tribunal is passing an order based on situation - it is passing order based on application made by someone

Rakesh Shah

Rakesh Shah

CA Final

5K+

1

493

SOGA please help me

Corporate & Other Laws

answered on 14-Oct-21 11:53

X sold his Bike to Y for 5L now after the sale..Y found that the Engine of the bike is in very bad condition result of that the bike can not be used...now what can Y do ?? My doubt is can Y climb this as Breach of Condition and cancel the contract+damages....And Can X say this is Doctrine of privity of contract please help me

latest answer

This can be treated as breach of condition only in case where Y completely depends on X's skill and judgment for purchase of the bike and X is a dealer in bike in ordinary course. In such a situation implied condition as to quality and fitness will apply.

Dhakshana Dhakshana

Dhakshana Dhakshana

CFA L2

18K+

2

536

Exception to blocked credit

Indirect Taxation

answered on 13-Oct-21 09:52

I can't understand this term.....pls give me examples for this...

latest answer

Which term didnt you understand

Sri Yoga Vishwa. P

Sri Yoga Vishwa. P

CA Final

2K+

1

608

2nd proviso to Section 16(2) read with rule 37

Indirect Taxation

answered on 13-Oct-21 09:51

18% Interest amount is calculated on which amt?

latest answer

ITC

Sri Yoga Vishwa. P

Sri Yoga Vishwa. P

CA Final

2K+

1

586

Probability

Maths & Stats

answered on 13-Oct-21 21:13

Can I start study Probability if I have no idea about Calculas (Integral Calculus) ?

latest answer

Yes bro

Aditya Birla

Aditya Birla

CBSE XI

4K+

12

575

Acc consignment chapter

Accountancy

answered on 15-Oct-21 11:31

Y are putting insurance co..admitted in cr side I did not understand bec....... As per I learned insurance company given money for goods lost means as pee consignment chapter we will post the entry by INSURANCE Company admitted. In congniee account only .... But here y are you putting on consignment ??????

latest answer

Ok sir got it

Balachandar S

Balachandar S

CA Inter

59K+

8

672

Doubt

Accountancy

answered on 12-Oct-21 20:30

Why in this sum in closing stock rs 22000 is added with 189000

latest answer

While valuing the stock ,some of the stock may written off , if it is done in any case the cost of the amount written off will added to closing stock to arrive at orginal cost of closing stock

Chandramouli A

Chandramouli A

CA Inter

720

1

566

ITC

Indirect Taxation

answered on 14-Oct-21 10:40

As per amendment rule 42 & rule 43 including T1, T2 calculations are deleted fr dec 21 exams??

latest answer

https://www.indigolearn.com/exam/CA-Foundation-Course-A-Complete-Guide

Shru Kanda

Shru Kanda

CA Inter

610

5

589

Balance sheet

Accountancy

answered on 12-Oct-21 19:15

Generally, assets are on the right side and the liabilities are on the left side for sole proprietorship concerns. And for companies, liabilties- top Assets- bottom But, in the image below, it's opposite. Pls clarify.

latest answer

Oh ok sir.

Sibi Srinivasan

Sibi Srinivasan

CA Final

22K+

2

528