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Resolution requiring special notice - Chapter 7 - MANAGEMENT AND ADMINISTRATION

Corporate & Other Laws

answered on 25-Apr-23 17:07

As per the companies act, the members who are having not less than 1% of the voting power or *NOT EXCEEDING* 5Lakh amount of paid-up share capital can give notice to the company for passing special notice. As per rule 23, it states that " special notice required to be given to the company shall be signed, either individually or collectively by such number of members holding not less than 1% of the total voting power or holding shares on which an aggregate sum of not less than 5,00,000 rupees has been paid up on the date of the notice." what limit are we supposed to take for this purpose? Attached is a copy of the study material showing the exact wording.

latest answer

Thankyou sir

Prasad Ramasamy

CA Inter

★ 4K+

162

Audio notes

Exams

answered on 26-Apr-23 12:12

Does anyone follow audio notes technique while study or revision.?

latest answer

Where?

Madhu Reddy

CA Inter

★ 4K+

248

Consolidated financial statements

Corporate & Other Laws

answered on 25-Apr-23 11:52

Difference between company not listed in India or outside India and unlisted companies.

latest answer

The condition mentioned under exemption is that in addition to a and c conditions, company must not be listed. There isn't any difference between company not listed in India and unlisted companies per se

Madhu Reddy

CA Inter

★ 4K+

137

PGBP

Direct Taxation

answered on 23-Apr-23 14:09

Sir, In this question they have said fee from visits to other hospitals (Net) Rs.5,85,000 but in solution they have considered as (585000/90%) and can you please explain.

latest answer

In the question they gave you the value after deducting tds u/s 194 J To find the gross amount you need to reverse.

Hari Haran

CA Inter

★ 3K+

221

Tax liability computation

Direct Taxation

answered on 24-Apr-23 11:39

In the question it's given as Net of TDS so I deducted TDS paid from tax payable after cess, but icai have not done this in this case, is this some sort of alternate assumption?

latest answer

Yeah mam they've only asked tax liability, Thank you!

Abishek M

CA Final

★ 11K+

190

Ind as 23- I'll 14 group borrowings

Financial Reporting

answered on 17-May-23 12:12

Good evening sir! In CFS, you have added the exp incurred by Construction co. to the exp. Incurred real state co. And used Captialisation rate .Here ,the construction co. Used its own resources as per IND as 23 notional B.C shouldn't be capitalised know sir!!? But in CFS ,when we add this exp and calculated B.C indirectly we are capitalising the borrowing cost on 10lacs exp made by Construction co. From its own resources. Can you please give clarification on this sir??

latest answer

The money received by the construction co would have been indirectly financed by the other entities in the group. Think of these as 4 departments in the company. And then there is a general borrowing.