Forums
CSR
Corporate & Other Laws
answered on 04-Nov-23 13:03
Actually , the excess expenditure over 2% on avg NP of immediate preceding three financial years shall be the spending of CSR activities for the respective financial year. Okay now, Excess of 2% SHALL BE treated as voluntary higher spending or excess could be adjusted for the subsequent years CSR spending to be spend? Here it's given as voluntary higher spending and i don't think so that it's right. Disclaimer:-rtp nov 2018 If any amendment please let me know
latest answer
Where co. spends an amount in excess of requirement, such excess amount may be set off against requirement to spend u/ss (5) up to immediate succeeding 3 FY provided that: (i) such excess amt. shall not include the surplus arising out of such CSR activities (ii) the Board of the company shall pass a resolution to that effect. solution in the screenshot is incorrect as it does not consider the amendment
SAI AKASH GORU
CA Final
★ 750
1
365
Corp level strategy
Strategic Management
answered on 04-Nov-23 08:12
Wat is the difference between diversification and acquisition? In book , diversification is given as build or acquire new bus .
latest answer
Diversification means entering into a new business by a company Acquisition means taking over a company that is already operating in an industry that may or may not be new to the acquiring company
Reetikaa R
CA Final
★ 7K+
2
423
Deposit
Corporate & Other Laws
answered on 04-Nov-23 01:20
How much percentage can public company can take from its member ? It's 25% or 35%
latest answer
Eligible public company 10% Ineligible public company 35%
Abhishek Sahu
CA Inter
★ 1K+
1
341
Leverages
Financial Management
answered on 04-Nov-23 21:19
Mtp oct 22 Ques 1.b Pls see my attachment below. Can I do that sum in the approach I followed? Because ICAI followed another approach and the Ans is varying
latest answer
Ok, I understood. Thank you for clarifying my doubt also.
kowselyaa G
CA Final
★ 2K+
6
417
Leverages
Financial Management
answered on 03-Nov-23 20:21
Ques no 1.b mtp oct 22 How come the pref dividend 10000?
latest answer
Face value of preference share is Rs.100000 and divident rate is 10% so preference dividend=100000×10%=10000
kowselyaa G
CA Final
★ 2K+
1
343
IN COURSE OR FURTHERANC OF BUSINESS
Indirect Taxation
answered on 06-Nov-23 14:17
Hai sir For example sundaram Acharya, a famous actor, paints some paintings and sells them. The consideration from such sale is to be donated to charitable In this example is in course or furtherance of business or not
latest answer
Thanks sir
siddesh N
CA Inter
★ 4K+
3
412
Negotiable instrument
Corporate & Other Laws
answered on 03-Nov-23 19:06
Should we add days of grace to maturity of bills after sight and for at sight also?
latest answer
Grace days will be added if bill is payable "after sight". Eg: Bill payable 30 days after sight means maturity date = date of presentment for sight + 30 days + 3 grace days Grace days will NOT BE added if bill is payable "At sight". It becomes a demand instrument.
Pooja .
CA Final
★ 210
2
393
Accounts of companies
Corporate & Other Laws
answered on 03-Nov-23 16:56
Is there a amendment in this provision?
latest answer
No amendments here Rule 7 : Board shall ensure that admin overheads shall not exceed 5% of total CSR expense for the FY Rule 4. CSR Implementation (1) Board shall ensure that CSR activities are undertaken by the company itself or through: (a) Sec 8 company, or a registered public trust or a registered society: established by the co., under Income Tax Act, either singly or along with other co., or established by CG or State Government; or having an established track record of at least 3 years in undertaking similar activities (b) any entity established under an Act of Parliament or a State legislature; or
Pooja .
CA Final
★ 210
1
363
I don't even understand the question
Corporate & Other Laws
answered on 03-Nov-23 16:36
😂👇please see the attachment What the heck !!!!!! Please give me the entire provision for the attachment and how the answer will be option (b).
latest answer
Non-Convertible Redeemable Preference Shares (NCRPs) issued on private placement basis in terms of SEBI (Issue and Listing of NCRPs) Regulations, 2013 (NCRPs Regulations)
SAI AKASH GORU
CA Final
★ 750
5
339
As 16
Accountancy
answered on 03-Nov-23 17:02
Yesterday question paper Is my answer correct??
latest answer
Thank you sir
Krishnan K
CA Inter
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427