Forums
Exemption
Exams
answered on 21-Jan-21 22:34
If I attend only one exam and absent for all other exams can I claim exemption on that paper ?
latest answer
Nope you have to attend all the papers in the group
BHAVANI D
CA Inter
★ 0
1
716
Exact question came in accounts paper today
Accountancy
answered on 21-Jan-21 19:39
In today's account paper, companies a/c question came exactly with some numerical changes, what our satya raghu sir taught us in illustrations.
latest answer
It was an emoji... But forgot that app doesn't support emojis...
Meda Jeevansai
CA Final
★ 21K+
3
746
Subsequent Auditor u/s 139(1)
Auditing
answered on 22-Jan-21 10:36
Holds office from conclusion of 1st AGM till conclusion of 6th AGM i.e. 5 yrs. term From conclusion of 1st AGM till 2nd = Year 1 2nd to 3rd = Year 2 3rd to 4th = Year 3 4th to 5th = Year 4 5th to 6th = Year 5 QUERY: later it says that, thereafter till the conclusion of every sixth meeting If i count 5 years from conclusion of 6th AGM it goes till conclusion of 11th AGM but it says till the conclusion of every sixth meeting... i am considering it as 6+6=till conclusion of 12th AGM Please explain this part a bit. Getting mixed up...
latest answer
1. Every company shall, at the first annual general meeting, appoint an individual or a firm as an auditor who shall hold office from the conclusion of that meeting till the conclusion of its sixth annual general meeting. This completes the tenure of the First Auditor. 2. Thereafter till the conclusion of every sixth meeting. This is regarding the subsequent Auditors. So, it is said that the first Auditor shall hold the office from the conclusion of first AGM till the conclusion of the 6th AGM. After which, a subsequent auditor shall be appointed who shall hold the office till the conclusion of AGM conducted after 5 years of his appointment (till 6th AGM of the subsequent auditor) provided he does not attract any disqualifications in the mean time.
Deepak Gupta
CA Inter
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1
791
Indigolearn is the BOON to Budding CA's!
Accountancy
answered on 21-Jan-21 21:28
Hello I'm Jeevan Sai, studying 12th class. Previously I was thinking to write Ca foundation in Nov 21. But after knowing this app by my sister who is doing Articles present. And listening the classes in Indigo Learn for 1 and half month Now i changed my decision to attempt for may 21 with full of confidence. This credits goes to our teachers only! They mainly focused on conceptual basis instead of telling formats and leaving. Now I am not going to my college and doing home study after purchasing course here! Thank you Indigolearn! :)
latest answer
Thank you for your blessings sir!
Meda Jeevansai
CA Final
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6
662
Query
Others
answered on 21-Jan-21 15:44
What is practice manual
latest answer
Yes
Reetikaa R
CA Final
★ 7K+
3
681
Penalty provisions
Corporate & Other Laws
answered on 21-Jan-21 14:55
Ma'am how can we remember all penalty provisions if there are so many provisions???
latest answer
It's not compulsory to quote penalties for exams. You may note down all the penalties at one place so that it helps for quick reference
Siva Kumar
CA Inter
★ 715
1
654
Is it possible to leave the examination hall early?
Exams
answered on 21-Jan-21 14:09
Say about 30 mins left?
latest answer
See, many things are centre specific. A lot is said to do but in the end it comes to how efficient is the management at the centre. Facilities or system won't be same everywhere. Anyhow it's a matter of few days only. We are not going to study there daily for years. So, don't bother much about such issues. Focus on the subject.
Kishore Anil
CFA L1
★ 2K+
4
2K+
Definition of securities
Corporate & Other Laws
answered on 21-Jan-21 17:57
What is "right or interest related to securities" ?
latest answer
These are basically entitlements / interests that come along with securities. Sometimes these may also be considered as securities such as trading rights (when rights to subscribe to rights offer gets traded), warrants, options etc.
Aman Mahajan
CA Final
★ 19K+
1
640
Definition of securities
Corporate & Other Laws
answered on 21-Jan-21 14:53
What is the difference between a Collective Investment Scheme and a Mutual fund scheme?
latest answer
An large area meant for farming and all
Aman Mahajan
CA Final
★ 19K+
3
634
Sec 23 of Comp act 13
Corporate & Other Laws
answered on 21-Jan-21 18:04
"public offer" includes initial public offer or further public offer of securities to the public by a company, or an offer for sale of securities to the public by an existing shareholder, through issue of a prospectus. When an existing shareholder sells his shares, he will do so on a stock exchange. How does a prospectus play any role in selling of securities on a secondary market?
latest answer
You will study this in another video - 'Sec. 28 Offer of sale of shares'. When a significant shareholder wants to sell shares such as promoter of company, doing so directly on stock exchange won't be possible or recommended because of fluctuations, in that case, company does it.
Aman Mahajan
CA Final
★ 19K+
1
722