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Comapny act

Corporate & Other Laws

answered on 08-Oct-21 17:30

Provided that a company which is a subsidiary of a company, not being a private company, shall be deemed to be public company for the purposes of this Act 'even where such subsidiary company continues to be a private company in its articles' Explain me last line From even where to in its articles

latest answer

A company may be a private company as per its articles that is articles restrict right of transfer of shares, limits the numbers of members to 200 etc. [conditions as per S.2(68)], but if it is subsidiary of public company, it will be deemed public company

Rakesh Shah

Rakesh Shah

CA Final

5K+

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412

Meaning

Auditing

answered on 08-Oct-21 15:31

Meaning of qualification or Disclaimer of opinion??

latest answer

Please go through SA 700 series. you will understand

Vivek shukla

Vivek shukla

CA Inter

8K+

1

527

Modified report

Auditing

answered on 08-Oct-21 21:31

What the term modified report means??

latest answer

not a clean report

Vivek shukla

Vivek shukla

CA Inter

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548

ACC

Accountancy

answered on 08-Oct-21 14:37

what is capital employed with your layman's examples also pls Anybudy ...

latest answer

Thanks bro

Bala Chandar

Bala Chandar

CA Final

5K+

2

487

Redemption of preference share

Accountancy

answered on 08-Oct-21 15:23

When the question that issue (marked)can I assume it as sec 133 company eventhough it is not mentioned in the question

latest answer

No, that is only to be taken when fresh issue if for arranging funds.

Lakki Kamu

Lakki Kamu

CA Final

4K+

3

567

Doubt

Auditing

answered on 08-Oct-21 21:32

Would it be ok if I only prepare audit with module given by Indigo learn??? Or I also needed to refer notes regard to SA series??

latest answer

You need to prepare both SA as well as non SA topics - our notes + videos + last 3 years RTP + MTP + Suggested Asnwers are sufficient

Vivek shukla

Vivek shukla

CA Inter

8K+

1

463

Audit exam

Exams

answered on 08-Oct-21 15:07

In corrct or incorrect part If I don't know anything , can I put everything incorrect writing the qn in adverse manner as explanation Will I be awarded one marks

latest answer

NO without proper reasoning you won't get anything

venkatesh sundharamoorthy

venkatesh sundharamoorthy

CA Final

34K+

1

634

Redemption of preference share

Accountancy

answered on 08-Oct-21 12:50

Please provide conclusion regarding When we have to pass entry for crr in which situations And is there any exemptions And l have conclusion that when are we issuing fresh issue we don't to need pass crr if the fresh issue is sufficient for redemption And when using divisible profits then to pass crr entry Please give a clarification

latest answer

There is 3 ways for redemption of preference 1.From fresh issue or 2. From free reserve 3.From both the above 1 and 2 When you use the free reserve for redemption of preference share, you need to transfer The Nominal value of the share (redemption shares ) to the CRR account.

Lakki Kamu

Lakki Kamu

CA Final

4K+

1

520

ITC

Indirect Taxation

answered on 09-Oct-21 11:57

Sir, in below question why interest of 18% p.a not added to the output tax liability calculated from the date of taking ITC to date on which the gst component added to output tax liability...as he not make part of payment within 180 days

latest answer

Thank you sir, understood.

Star Ca

Star Ca

CA Inter

3K+

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516

Equation

Maths & Stats

answered on 15-Oct-21 08:08

Q 12

latest answer

The answer is 50

pratik dafale

pratik dafale

CA Foundation

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577