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Fraud u/s 447
Corporate & Other Laws
answered on 04-Mar-24 16:49
Should we learn the penalty under this section or just given for information purposes?
latest answer
Okay Mam
Soon to be CA
CA Inter
★ 4K+
2
261
Audit of financial statements
Auditing
answered on 02-Mar-24 23:12
Share capital theory in your material is different and in your video class showing is different
latest answer
Please look for the instructions in the video for going through the chapter. Everything will be understandable. For balance sheet items, we will be using ICAI material and the notes contains those parts which are not covered there but are in the list of questions. At the beginning of the discussion, i have explained the approach for this chapter.
T swathi
CA Inter
★ 1K+
1
324
UPLOADED INCORRECT REEFERENCE FILE
Indirect Taxation
answered on 02-Mar-24 17:06
UNDER TDS CHAPTER PDF FOR ILLUSTRATIONS INCORRECT FILE HAS BEEN UPLOADED
latest answer
Pls refer to file uploaded in resources section
Bhagi
CA Inter
★ 80
1
278
Clarification
Auditing
answered on 02-Mar-24 23:13
In these SA200 , control risk , detection risk, inherent risk is not explained . If it is explained in some other SA , then please give their name also . I am unable to find it .
latest answer
Entire Audit Risk as a concept and component is covered by SA 315
Anirved Rahatgaonkar
CA Inter
★ 0
2
361
Difference between Striking of Name and Winding Up
Corporate & Other Laws
answered on 02-Mar-24 20:17
Hi ma'am, hope you're well. Our study material says that for a company already incorporated, for cancellation of reserved name after incorporation, the Registrar may either: i) Direct company to change name ii) Take action for striking off the name from register of companies iii) Make a petition for winding up of the company What is the difference between ii) and iii) of the above, please? Thanks
latest answer
The fundamental difference between winding up and strike off lies in their applicability to companies. Strike off is applicable to inactive companies with no assets or liabilities, while winding up is for actively operational companies with assets, liabilities, and a need for formal closure.
Devaprasad Jothimani
CA Inter
★ 0
1
478
Fate of Forward
AFM
answered on 02-Mar-24 17:00
1. Margin is not applicable on Inter-bank transactions? When bank sold on spot @Rs.66.15 and Forward contract for Optionally deliverable contract @Rs.66.32 did we consider margin? 2. In case of After delivery profit is not shared with customer of bank. In case of before and On delivery profit will be transferred to customers?
latest answer
1. • Over and above normal exchange margin, whenever interbank rates are given and bank has to enter into a one side trans due to cancellation request from customer, exchange margin will be applicable & it will be on the last cancellation by the bank. 2. yes before due date or on duate cancellation gains are shared with customers
shamanth rm
CA Final
★ 2K+
1
291
Forex Illustration-17
AFM
answered on 02-Mar-24 16:54
Hello Sir, Can you please explain the rationale given by ICAI to place the money in Deutschmarks market?
latest answer
Ideal depreciation 1.87% i.e 1.09/1.07-1 Depreciation indicated by forward rates is 3.05% therefore in this Forward contract you are paying more CAD per DM than what is ideal. So if CAD is going to depreciate more ( as per fwd markets) i am better off taking advantage of that by borrowing in CADthe weaker currency investing in DM the stronger currency & repaying the borrowing after converting into CAD per forward rate - same thing is summarized as"int diff<fwd premium hence invest in forward currency" Exactly ulta also works If int diff > fwd premium - take advantage by investing in weaker currency Q 26 of icai material This can also be explained as icai did: SAY CAD DM int diff is 3% and fw premium is 2% then one can lock in a forward to sell CAD . So borrow in DM and invest in CAD and once deposit matures, convert CAD to DM by selling CAD and getting profit in DM
Suresh Avinash
CA Final
★ 3K+
1
446
UDIN query
Auditing
answered on 02-Mar-24 23:22
Now for example I am a CA Article, I have seen format of UDIN, I just wrote a random UDIN following that format. Now, bank or the client won't check every udin if it's correct or not ? How this is tackled
latest answer
the implementation of UDIN is for the very purpose of checking on malpractices by non ca's attesting documents. When these forged or wrong UDIN documents are submitted and uploaded, it will be rejected as the UDIN portal has the mechanism of tracing the same.
Hrishikesh Pradhan
Qualified CA
★ 18K+
1
665
Physical mark sheet
Others
answered on 03-Mar-24 17:50
Did any one receive physical marksheet of nov 2023 exam ?
latest answer
No one
Sri ram Pothineni
CA Inter
★ 11K+
1
501
Channels
Strategic Management
answered on 04-Mar-24 12:37
What is the difference between sales channel and product channel?
latest answer
Sales channels are how products are sold, while product channels show how a specific product goes from being made to being bought by customers.
Visruth Vichu
CA Inter
★ 890
1
430