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Opc

Corporate & Other Laws

answered on 26-Dec-23 19:14

Opc may or may not be resident ? To incorporate a co Only Indian citizen has to be Kindly confirm if this is correct

latest answer

OPC can be formed by an Indian Citizen ( A natural person should not be a minor) He can be a Resident or Not

Sushmita Chowdhury

Sushmita Chowdhury

CA Inter

2K+

2

350

Interlinked

Auditing

answered on 27-Dec-23 18:17

We know that Clause-8 is interlinked To Clause-7 and 2 Clasue - 9 is interlinked to 8 and 7 My Doubt is Clasue 8 is linked go 7 and 2 9 is linked to 8 so ultimately can we link 9 to 2 also Video Details Course: Advanced Auditing & Professional Ethics (Without SA) Module: Professional Ethics Section: Clause 9 - Failure to adhere to guidelines etc

latest answer

If you are able to interpret correctly, they are all related

Surya Prakash

Surya Prakash

CA Final

19K+

1

438

B.C.K chapter 1

Economics

answered on 27-Dec-23 11:19

Is the Hindu Succession Act 1956 applicable for Parsis as well?

latest answer

The Hindu Succession Act of 1956 applies to Hindus, Buddhists, Jains, and Sikhs, but not to Muslims, Christians, or Parsis. The Indian Succession Act of 1925 governs intestate succession for Parsis, Christians, and Jews

Nidhi S

Nidhi S

CA Inter

4K+

1

446

Forward interest rate

AFM

answered on 26-Dec-23 08:00

Illustration 15 interest rate futures Electraspace is consumer Electronics Wholesaler. In this problem if actual interest rate turnout to be 4.5% and 6.5% given in the question both are deposit rate. This we have to compare with borrowing rate. Am I correct? Video Details Course: Advanced Financial Management - AFM Module: Interest Rate Risk Management Section: Illustration # 15 - FRA/Futures

latest answer

Not 4.5 & 6.5 are also borrowing rates. pls go through solution carefully

swaminathan sundaram

swaminathan sundaram

CA Final

110

1

353

LLP

Corporate & Other Laws

answered on 25-Dec-23 13:56

In LLP, Documents are filed with registrar. Here registrar means registrar of companies or registrar of firms??

latest answer

LLPs are Governed by MCA. So, here registrar means ROC.

Krishnan K

Krishnan K

CA Inter

5K+

3

335

Internal audit

Auditing

answered on 25-Dec-23 19:08

When I attended interview there was a question what is internal audit. In the video lecture it is explained that management function is reviewed by internal auditor. Can I give that reply in interview or any better answer is available Video Details Course: Advanced Auditing & Professional Ethics (Without SA) Module: Internal Audit (Final) Section: Management Function and Scope of internal auditor

latest answer

Explain them whats internal audit and functions of it in the organisation, how it's different from external/statutory auditor.. don't always go by definitions

swaminathan sundaram

swaminathan sundaram

CA Final

110

1

400

Forward interest rate

Financial Management

answered on 25-Dec-23 11:28

I am attaching question on forward interest rate. Without referring to the solution to the problem when I solve it I am making mistake. I like to know under which problem number this is solved in video lecture.

latest answer

Illustration 5 IRS easy way to check - Ctrl F <116> in compiler https://1fin.page.link/Ah1fuFcCH5TgTJiu9

swaminathan sundaram

swaminathan sundaram

CA Final

110

1

338

Sir

Others

answered on 25-Dec-23 08:00

Q Discount as 5%of total amount or Rs 3000 whichever is less in column E sir my formula in excal correct or wrong discount

latest answer

Well done 👍

R G

R G

CA Inter

9K+

2

348

Calculation of forward rate

AFM

answered on 25-Dec-23 06:27

I like to know under which chapter forward rate calculation discussed Video Details Course: Advanced Financial Management - AFM Module: Interest Rate Risk Management Section: Illustration # 2

latest answer

Foreign exchange risk management

swaminathan sundaram

swaminathan sundaram

CA Final

110

1

347

Ascertained vs Specific

Corporate & Other Laws

answered on 30-Dec-23 09:01

X agreed to purchase 300 tons of wheat from Y out of a larger stock. X sent his men with the sacks and 150 tons of wheat were put into the sacks Here, is the contract is for a sale of unascertained goods or specific goods?

latest answer

Section 21 has been used in the answer as the question is about who will bear the loss in case of fire. This a contract of sale of specific goods(or ascertained goods) which are to be put into a deliverable state, the goods are identified after the contract of sale is made, therefore they are ascertained goods in the given situation.

Vishnu Muraleedharan

Vishnu Muraleedharan

CA Final

32K+

3

750