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Prospectus and allotment of securities (PAS)

Corporate & Other Laws

answered on 04-Sep-21 16:28

In private company max members can not exceed 200 persons, but as per sec 42, regarding private placement, COMPANY CAN MAKE UPTO 200(individual for each kind securities) PRIVATE PLACEMENTS IN A FINANCIAL YEAR . By doing so Pvt company members exceed to 200 members ? ANY ONE CAN EXPLAIN

latest answer

This is correct!

SUMANTH MANNAVA

SUMANTH MANNAVA

CA Inter

5K+

5

563

Residential status Additional illustration 3

Direct Taxation

answered on 06-Sep-21 17:17

there is a 4 cases where the 2nd condition of 60 days not applicable and only 182 days or 120 days is applicable as the case maybe. My doubt is in case of 120 days whether we should see the preceding previous year for more than 365 days of stay. As it is done in additional illustration 3

latest answer

ok thank u mam

Vijay Ramesh

Vijay Ramesh

CA Final

2K+

6

682

Investment accounts

Accountancy

answered on 01-Sep-21 17:12

Can someone please explain how this answer had come. Question. No. 12

latest answer

When investment are acquired on cum right basis and the market value of investment after becoming ex right is lower than the cost for which they were acquired then it is advisable to reduce the carrying amount of investment to the extent value fallen down and balance if any, credit to P&L a/c

Susai Yappan

Susai Yappan

CA Inter

12K+

1

785

Investment accounts

Accountancy

answered on 01-Sep-21 17:32

Why have they written come right price near brokerage of 1 percentage. ( illustration 10 )

latest answer

They mean to say the brokerage will be charged on cum right price not ex right price, so when calculating brokerage consider that

Susai Yappan

Susai Yappan

CA Inter

12K+

1

653

Company accounts

Accountancy

answered on 01-Sep-21 10:02

We can convert preference shares to equity shares right ,but why have they given that we cannot convert it into any other shares? Can anyone explain it to me?

latest answer

Thank you ma'am

Soumya A

Soumya A

CA Inter

20K+

2

782

Mcq

Indirect Taxation

answered on 01-Sep-21 11:05

Answer?

latest answer

Yes.

Priyanka Udeshi

Priyanka Udeshi

CFA L1

14K+

3

677

Mcq

Indirect Taxation

answered on 01-Sep-21 10:24

Answer?

latest answer

It is 1,10,000 (1,00,000 plus 10,000). Maximum ITC that can be claimed in respect of the invoices not uploaded is 10% of eligible ITC. Refer Rule 36(4)

Priyanka Udeshi

Priyanka Udeshi

CFA L1

14K+

1

616

Salary head

Direct Taxation

answered on 01-Sep-21 11:04

Plz help me to solve this problem Plz tell me treatment of house rent allowance in this question..

latest answer

For 9 months only

Riya Goel

Riya Goel

CA Inter

4K+

4

617

Business laws Answer Writing

Corporate & Other Laws

answered on 01-Sep-21 10:30

Can we write law answers in our own words?

latest answer

Correct and in other descriptive answers, keywords are important. Quote section number only if you remember

Varun Mulay

Varun Mulay

CA Final

39K+

2

620

Charge

Corporate & Other Laws

answered on 01-Sep-21 10:34

Q6. What is the relevant section here?

latest answer

Along with Rule 12

Aman Mahajan

Aman Mahajan

CA Final

19K+

2

476