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Co give loan to buy its own sh cap
Corporate & Other Laws
answered on 30-Jul-24 00:59
restriction is to bcuy own Co share and holding Co sh ? Co can give loan to buy subsidiary Co share ?
latest answer
co. can buy back equity or pref shares only. Pt. (c) gives maximum limit such buy back
Sushmita Chowdhury
CA Inter
★ 2K+
8
337
Loans & Advance Audit
Auditing
answered on 25-Jul-24 16:55
One topic missing in Audit of Financial Statements, Audit of Loans & Advances
latest answer
It’s available. Wil check with the team and update .
Mohammed Bin Abdulla
CA Final
★ 2K+
1
252
SPOM Exams
Exams
answered on 25-Jul-24 13:19
Do I need to attend all the SPOM exams even if 1 group is remaining
latest answer
Yes
adithya thushar
CA Final
★ 3K+
1
338
Debt
Corporate & Other Laws
answered on 26-Jul-24 01:44
If person who want to qualify has auditor of company has holding Rs. 4 lakh and his partner also holding Rs. 3 lakh . Then he can qualify as auditor of that company?
latest answer
Yes
Shivashankar Jawai
CA Inter
★ 2K+
1
254
Presumptive
Direct Taxation
answered on 26-Jul-24 13:05
Hi sir/madam i have a query on direct tax Mr.X is following presumptive taxation last few years and for this AY his turnover is 1,00,25000 and this AY also under presumptive coz of less than 2cr and the doubt is his online receipt is 30℅ and cash receipts is 70℅ can he file his return for 8℅ of total turnover of cash receipts and 6℅ of total turnover for online receipts as per 44ad
latest answer
If turnover does not exceed 2 crore then he can go for 44AD.
kalai vani
CA Final
★ 1K+
1
285
India Definition
Direct Taxation
answered on 26-Jul-24 13:06
Seabed and Subsoil Underlying such Water, Continental Shelf, any Other Maritime Zone (Any Distance There)
latest answer
It means that soil under the sea is also part of India. Exclusive economic zone is upto 200 Nautical miles.
V Ajith Kumar
CA Inter
★ 1K+
2
370
Sec 52 uses of security premium
Corporate & Other Laws
answered on 26-Jul-24 20:56
According to section 52 security premium can only be used for the purpose mentioned therein which does not includes working capital requirements but many companies uses the proceeds of issue of share including premium for their working capital requirements how company do this
latest answer
Yes mam got it , sec 52 is only for the case where security premium ac is debited
Atharv Sankliya
CA Final
★ 3K+
9
648
MCQ doubt
AFM
answered on 25-Jul-24 11:23
Sir, international financial management MCQ 10...in case of issue price floatation cost is not considered in icai sm... should we consider it sir ?? Has icai wrongly computed the issue price?
latest answer
Thank you sir .
sai pramod
CA Final
★ 51K+
2
275
Probability
CFA
answered on 25-Jul-24 09:50
Please explain calculator functions for expected value,variance and S.D
latest answer
Pls go through calculator video in introduction modules
Swetha Saravanan
CFA L1
★ 0
1
263
Convexity ajustment
AFM
answered on 06-Aug-24 15:51
As given convexity should be already divided by 2, why are we again multiplying 0.5 in convexity adjustment part?
latest answer
We have corrected the solution - thanks for highlighting
Durai Murugan
CA Final
★ 470
3
553