Forums
Clarification in Oppression and mismanagemetn
Corporate & Other Laws
answered on 01-Jun-24 12:41
As per Section 241 any member of the company may complain that the affairs of the company have been conducted in a manner prejudicial to public interest or oppressive to member or prejudicial to interest of the company. Here member means Directors of the company I am not clear in understanding the same. Prejudicial to interest of the the company means shareholder.
latest answer
Members means shareholders. So if the affairs of company is conducted against the views/concerns of members or there is misuse of powers by Management of the company then sec 241 can be invoked and appeal can be filed to NCLT.
swaminathan sundaram
CA Final
★ 110
1
274
Where we are actually getting the profit ?
AFM
answered on 31-May-24 20:41
Hi Sir, We are earning interest @7% in DM and paying @9% in CAD. So if we compare that we are earning 26.31579 DM and we are paying 33.68263 DM. So in interest we are getting loss. Which means total gain we are getting is in Conversion. If So, there is no direct effect of ideal Depreciation(0.668) anywhere right ? Can you explain which factor exactly giving us gains ?
latest answer
once you lock rates, you have locked profit - what is the rate on final date is immaterial
B. Dinesh
CA Final
★ 3K+
3
322
How to recognize domestic and foreign currency
AFM
answered on 31-May-24 20:37
Hi sir, How did we recognize UK interest rate is domestic interest rate in this question ? In question they did not mentioned we are UK residents right. Is it because it is high interest rate ? Should we take high interest rate as Domestic interest rate ? What is the basis of the same ?
latest answer
Mostly yes. because most of the currencies are quoted against dollar like that barring a few exceptions like GBP, EUR, NZD & AUD
B. Dinesh
CA Final
★ 3K+
3
356
Financial year
Corporate & Other Laws
answered on 06-Jun-24 11:45
Hai Friends Please explain this last paragraph in simple way
latest answer
Thank you mam
siddesh N
CA Inter
★ 4K+
2
303
Documents required for CFA registration
CFA
answered on 31-May-24 16:57
Can I use pancard,voter ID,driving license as a substitute for Poof of address and photo identity
latest answer
PLs visit the websit https://www.passportindia.gov.in/AppOnlineProject/welcomeLink
Dhakshana Dhakshana
CFA L2
★ 18K+
3
444
Commencement of act
Corporate & Other Laws
answered on 31-May-24 15:41
Hai Friends What is the exact date of commencement of Companies act 2013 1.30th August 2013 2.12th September 2013 3.1st April 2013 In which option is correct??
latest answer
Thanks 😊
siddesh N
CA Inter
★ 4K+
2
297
When is the Deadline for CFA L1(Nov 24) exams
CFA
answered on 31-May-24 10:17
Is August 7th the deadline for late registration
latest answer
yes you can check in the link below https://www.cfainstitute.org/en/programs/cfa/exam
Dhakshana Dhakshana
CFA L2
★ 18K+
1
348
Self paced module
Others
answered on 31-May-24 11:04
Iam writing only final group 1 in nov24 .Will I have to complete both set A and B before Nov exams or completing set A will be enough and set B after my Nov exams?
latest answer
Yes.
Steffi Annelee
CA Final
★ 240
1
330
Grant receivable
Financial Reporting
answered on 06-Jun-24 15:07
In year 1, the entity finds that there is a reasonable assurance that the grant will become receivable in year 3. Should I recognize the grant in year 1 or year 3?
latest answer
yes. Then we need to check by when the conditions would be met (reasonable assurance test)
Swathi S
CA Final
★ 975
3
183
In primary distribution of overhead
Costing
answered on 05-Jun-24 12:00
Why did not take that direct material and direct wages for the sub total of primary distribution?
latest answer
Ok
Shivashankar Jawai
CA Inter
★ 2K+
4
453