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🤔Is Byju's EGM held on 23rd Feb 2024 (Today) to remove founder Byju Raveendran as CEO valid? Let us know your answers and check your understanding of Corporate Law!
Corporate & Other Laws
answered on 14-Mar-24 10:39
The EGM called by shareholders with a combined stake of over 32% in Think & Learn Pvt Ltd (company owning BYJU's). The shareholders of edtech major Byju’s on Friday voted to remove founder Byju Raveendran as the CEO of the company. “Shareholders unanimously passed all resolutions put forward for vote. These included a request for the resolution of the outstanding governance, financial mismanagement and compliance issues at Byju’s; the reconstitution of the board of directors, so that it is no longer controlled by the founder of T&L; and a change of leadership of the company,” However, the company has rejected the vote and termed the process ‘invalid’ as the founders were not present during the Extraordinary General Meeting that was held on Friday. Let us know your answers!
latest answer
During the hearing, BYJU’S counsel argued that there were serious discrepancies in the affidavits filed by the investors’ representatives and this potentially amounted to “perjury”. The court directed both sides to make submissions on the issue before the next hearing.
CA Suraj Lakhotia
Admin
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General
Others
answered on 23-Feb-24 21:58
I have passed my ca foundation dec 2023 but my ca foundation registration is still showing provisional will this be a hurdle for my inter ?For information I have also applied for inter and it has been registered successfully will there be any consequences please answer me asap
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Okay sir
Divinne Fiona
CA Inter
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CMA Board Books
Others
answered on 24-Feb-24 09:08
Registered for CMA Inter through Online. Selected Oral Mode. How can I get Board material? Should I order online or go and collect from Chapter office?
latest answer
Collect from the chapter office.
Seetha Jakka
CA Final
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Ppe
Financial Reporting
answered on 23-Feb-24 20:18
Sir as per definition of ppe whether buliding I gave to tenant whether that's my ppe ?
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Investment Property. You will learn in Ind Aas 40
HEMAVATHYSUBRAMANI SUBRAMANI
CA Final
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How Mcqs will be in Accounts, Costing And Fm
Exams
answered on 27-Feb-24 09:45
Mcqs which were there in icai moudels. Is that type of MCQ s are going to test in main exam or combination of icai and case study?
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Like you get in Income Tax
Madhu Reddy
CA Inter
★ 4K+
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Financial Assets, financial liabilities & Equity
Financial Reporting
answered on 26-Feb-24 19:37
Sir, in 26th video Illustration 18, at 10.40, how will the premium received against the put options is in the nature of equity. Kindly clarify.
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a contract that will be settled by the entity (receiving or) delivering a fixed number of its own equity instruments in exchange for a fixed amount of cash or another financial asset is an equity instrument. In case of written put options, the entity will receive fixed number of own shares.
Umayal Uma
CA Final
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Chapter 12 ill 38
AFM
answered on 23-Feb-24 21:05
when calculating 2% 4% decline/gain why didn't consider 6 months?
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Because they did not give per annum rates, they gave absolute decline %
Devika Viswanathan
CA Final
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Interest Rate Risk Management - Interest Rate Options
AFM
answered on 24-Feb-24 14:41
Hello Sir, In this problem, 1. Why are we taking 4 periods for premium calculation when the reset periods are 3? 2. Will this answer be given marks? (attached screenshot)
latest answer
Okay sir, thank you so much
Susee Arunachalam
Qualified CA
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Revision classes -Physical batche
Others
answered on 27-Feb-24 09:47
When can we expect revision classes (physical batch) for ca final may 2024 attempt?
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Not planned as of now
Eswar K
CA Final
★ 125
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Cost of capital
Financial Management
answered on 28-Feb-24 20:39
For calculating cost of equity and retained earnings why is ₹130 not used and ₹125 being used?
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Ideally for irredeemable securities like Equity Shares/Irredeemable Preference Shares/Irredeemable Debentures MV is more preferred, in case the question is specifically about WACC based on MV But when the question is a combination of computation of BV & MV, to avoid the confusion of using different costs, as weights any ways have to be inevitably different for BV & MV, & also to differentiate between Ke & Kr, Ke is considered based on (issue price - floatation cost) & Kre is considered on issue price ignoring the floatation cost
Satha Sivam
CA Final
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