Incorporation

answered on 22-Mar-24 15:53

When the director of the company uses the property and started sole proprietorship on his own. Is the above action is right?

latest answer

Ok thank you for the replies

Divya

CA Inter

★ 90

5

108

Unspent amount related to ongoing projects

answered on 19-Mar-24 12:18

In case of failure to spend, company shall transfer to a Fund specified in Schedule VII within 30 days or 6 months from date of completion of 3rd FY? Kindly clarify

latest answer

Thank you for clarifying

Swetha S

CA Inter

★ 4K+

3

83

Prospectus

answered on 26-Mar-24 14:47

Some questions it's 5% and in irregular allotment question it's 25%. What's the actual minimum application amount 5% or 25% ????

latest answer

According to Companies Act - 5% of nominal value According to SEBI - 25% of issue price.

Abhishek Sahu

CA Inter

★ 1K+

2

75

Prospectus

answered on 18-Mar-24 15:05

How we know that minimum subscription is not met ????

latest answer

Question clearly states "80% of the min subscription mentioned in prospectus us received". Means, Minimum subscription as per prospectus is not received fully which is one of the conditions under section 39. Hence, Invalid Allotment

Abhishek Sahu

CA Inter

★ 1K+

4

94

Preliminary

answered on 27-Mar-24 20:04

I have a doubt in definitions of holding and subsidiary company. In the said definitions it is mentioned that the expression "company" includes any body corporate. So apart from foreign companies even a LLP can become holding or subsidiary?

latest answer

yes

Leela Eswar

CA Inter

★ 5K+

10

147

business law

answered on 13-Mar-24 12:11

sir , if appropriation done by debtor then amount can be applied in time barred debts

latest answer

If the amount received from debtor, and debtor has not specified about the application of the amount on a specific debt, then check 1. If the amount is matching any particular debt. For ex:- Debts:- 1. 450/- [a time barred debt] 2. 300/- Received 300/- then, we have to adjust that payment to the second debt. 2. If no debt is matching the received amount then it is the choice of the creditor to settle the amount to a time barred debt.

GNANESWAR BEHARA

CA Foundation

★ 0

1

113

material

answered on 10-Mar-24 21:53

Hai i am a CA foundation student , i am following video lectures and ICAI modules , can you please tell me any best study material to study for my exams - mainly for BUSINESS LAW other than rtp , mtp and past year question please give me any material suggestion to study theory mainly for LAW

latest answer

You can use Indigo learns material its good

Vignesh s

CA Foundation

★ 3K+

1

100

Creation of charges

answered on 12-Mar-24 02:14

As per sec 77(1) The company shall register the charges from 30 days of creation of charge. If the failed, the same can be done within 60 days from date of Creation of charge by paying additional fees. This question is from BoS MCQ practice. First time attempting this paper I did 30 days, it marked wrong When I re attempted the paper I tried 60 days and still the answer is wrong. Can you please let me know which is the current answer?

latest answer

Thank you

Hamna KSMB

CA Inter

★ 6K+

2

89

Cost audit

answered on 07-Mar-24 11:16

Why cost audit is not applicable for sez and exports?

latest answer

Cost audit is usually done to value your inventories because vaule of inventories will directly affect your operating profit (profit and loss account) and finacial postion ( balance sheet) . so what usually companies do is inorder to fluctuate their profit and take tax advantage they play with the value of the inventories. Hence tax revenue of government decrease.so to check the valutaion of inventory government made cost audit compulsory for certain companies who are in trading and manufacturing industry.but in case of companies which are operated in SEZ they don't have to pay tax so there is no need of fluctuation of profit and hence there is no need of cost audit also.This is my Understanding

Ramya Navanitham

CA Inter

★ 75

1

74

GCA, 1897

answered on 06-Mar-24 14:42

Section 23 of GCA : MAKING OF RULE OR BYE-LAW AFTER PREVIOUS PUBLICATIONS. Please explain it in detailed layman language but not in law language And also give a case scenario based on the above context.

latest answer

Sorry i can't get your intention of the message?

Sai Akash rockster

CA Inter

★ 5

6

106