Clarification in Oppression and mismanagemetn

answered on 01-Jun-24 12:41

As per Section 241 any member of the company may complain that the affairs of the company have been conducted in a manner prejudicial to public interest or oppressive to member or prejudicial to interest of the company. Here member means Directors of the company I am not clear in understanding the same. Prejudicial to interest of the the company means shareholder.

latest answer

Members means shareholders. So if the affairs of company is conducted against the views/concerns of members or there is misuse of powers by Management of the company then sec 241 can be invoked and appeal can be filed to NCLT.

swaminathan sundaram

CA Final

★ 110

1

39

Where we are actually getting the profit ?

answered on 31-May-24 20:41

Hi Sir, We are earning interest @7% in DM and paying @9% in CAD. So if we compare that we are earning 26.31579 DM and we are paying 33.68263 DM. So in interest we are getting loss. Which means total gain we are getting is in Conversion. If So, there is no direct effect of ideal Depreciation(0.668) anywhere right ? Can you explain which factor exactly giving us gains ?

latest answer

once you lock rates, you have locked profit - what is the rate on final date is immaterial

B. Dinesh

CA Final

★ 3K+

3

42

How to recognize domestic and foreign currency

answered on 31-May-24 20:37

Hi sir, How did we recognize UK interest rate is domestic interest rate in this question ? In question they did not mentioned we are UK residents right. Is it because it is high interest rate ? Should we take high interest rate as Domestic interest rate ? What is the basis of the same ?

latest answer

Mostly yes. because most of the currencies are quoted against dollar like that barring a few exceptions like GBP, EUR, NZD & AUD

B. Dinesh

CA Final

★ 3K+

3

43

Financial year

answered on 06-Jun-24 11:45

Hai Friends Please explain this last paragraph in simple way

latest answer

Thank you mam

siddesh N

CA Inter

★ 3K+

2

44

Documents required for CFA registration

answered on 31-May-24 16:57

Can I use pancard,voter ID,driving license as a substitute for Poof of address and photo identity

latest answer

PLs visit the websit https://www.passportindia.gov.in/AppOnlineProject/welcomeLink

Dhakshana Dhakshana

CA Inter

★ 18K+

3

45

Commencement of act

answered on 31-May-24 15:41

Hai Friends What is the exact date of commencement of Companies act 2013 1.30th August 2013 2.12th September 2013 3.1st April 2013 In which option is correct??

latest answer

Thanks 😊

siddesh N

CA Inter

★ 3K+

2

35

When is the Deadline for CFA L1(Nov 24) exams

answered on 31-May-24 10:17

Is August 7th the deadline for late registration

latest answer

yes you can check in the link below https://www.cfainstitute.org/en/programs/cfa/exam

Dhakshana Dhakshana

CA Inter

★ 18K+

1

40

Self paced module

answered on 31-May-24 11:04

Iam writing only final group 1 in nov24 .Will I have to complete both set A and B before Nov exams or completing set A will be enough and set B after my Nov exams?

latest answer

Yes.

Steffi Annelee

CA Final

★ 240

1

65

In primary distribution of overhead

answered on 05-Jun-24 12:00

Why did not take that direct material and direct wages for the sub total of primary distribution?

latest answer

Ok

Shivashankar Jawai

CA Inter

★ 560

4

66

About machine hours

answered on 05-Jun-24 16:30

In the video said that the service department's expenses were distributed to the production department. But for calculating machine hours we did not distribute the service department's machine hours to the production department. Why?

latest answer

Only cost get distributed. Once the cost of service department is transferred to production department we calculate OH Rate for the production departments based on its machine hours.

Shivashankar Jawai

CA Inter

★ 560

1

42