Name clause alteration Sec 13

answered on 21-Apr-22 13:29

While altering name clause first reservation of name will be done in e form RUN and -> then special resolution will be passed with CG approval and -> MGT14 30 Days... is this the correct sequence?? And also when the company is ordered to change name within 3 months by passing OR should the company again apply for reservation of name??

latest answer

1.board resolution 2.RUN 3.Spl resolution 4.cg approval Yes it should again apply the same .

Nikhil Vasanth

CA Inter

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1

151

MCQ

answered on 22-Apr-22 19:52

Net assets and capital mean the same right. Here, in this MCQ below, option c could also be correct. Right?

latest answer

There is no standard definition of some financial ratios. If you consider net assets as total assets - outside liabilities, then net assets = capital.

Sibi Srinivasan

CA Inter

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2

164

Depository

answered on 21-Apr-22 11:41

Who are depository participants...?

latest answer

Who hold account with depositories. E.g HDFC securities

Divya K

CA Inter

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140

LAW - Incorporation

answered on 22-Apr-22 12:30

What is the difference between point iii and iv

latest answer

Ok thank you mam

Nikhil Vasanth

CA Inter

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5

173

Insurance Claims

answered on 21-Apr-22 11:17

Good Morning Sir/Madam , In the "Accounting - CA INTERMEDIATE Group 1( Without AS ) - Chapter 9. Insurance Claims - Module No. 5 named "Illustration 4" , In the question it is mentioned that "Cost of salvaged being Rs11,200...." , From What I understood , "Cost of salvaged" means it doesn't include the profit portion . While the "Stock on the date of fire" includes the profit portion. So shouldn't we reduce the profit portion from the stock on date of fire , before reducing the salvaged value to compute the "Loss of stock due to fire ? (or) The "Cost of salvaged Rs11,200" simply means the amount Realized from the Disposal of the damaged goods ? Kindly Clarify.

latest answer

Thank you Sir

Avasarala Vivek Aditya

CA Inter

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2

160

Preference shares. (55)

answered on 22-Apr-22 11:06

pls elaborate the paragraph (vii) , every line seems to be same...!!! Give me clear explanation in few words

latest answer

Premium for redemption of PSC for companies for whom AS compulsory u/s 133 - Securities premium cannot be used and only general reserve and P&L balance can be used for CRR Premium for redemption of PSC which are issued on before Companies Act 2013 - Securities premium can be used along with general reserve and P&L balance

Divya K

CA Inter

★ 885

1

228

Payment of tax

answered on 21-Apr-22 09:00

Non-applicability of OTC payment limit on deposits 1. payment by government department 2. Proper officer initiates recovery proceedings 3. collect amount by way of cash/ cheque/ DD during any investigation/ search/ activity being done Doubt: what is the difference between 2nd and 3rd point?

latest answer

thank you

Girinath A

CA Inter

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2

186

Demand supply

answered on 26-Apr-22 19:40

Please explain this question and answer

latest answer

my pleasure sister :)

Sejal Shivani

CA Foundation

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3

164

Standard costing

answered on 21-Apr-22 09:31

How actual cost of 795 items of A become 4.25 and sometimes of b become 3.5 here

latest answer

Ok clear thanq

Fathima _

CA Inter

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4

182

When opc ceases to be opc in case of paid up share capital

answered on 21-Apr-22 08:52

One person's company

latest answer

No such limit anymore Rule 6 of Incorporation Rule has been amended w.e.f April 2021 and the earlier provision of "OPC shall cease to be OPC when either the paid up share capital exceeds Rs. 50 lakhs or its average annual turnover during the relevant period exceeds Rs. 2 crores and within 6 months of such date, it shall either convert OPC into Private Company with 2 members and 2 directors or Public Company with 3 directors and 7 members." has been substituted with "The One Person company shall alter its memorandum and articles by passing a resolution in accordance with sub-section (3) of section 122 of the Act to give effect to the conversion and to make necessary changes incidental thereto."

SHARMA MUKESH

CA Inter

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1

177