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Loan from director

Corporate & Other Laws

answered on 23-Dec-20 19:41

A director is an Indian origin but now a resident of UK. The Indian company wanted to take loan from this Director. The said director is having money in his Indian bank account. Can his give loan to this company? As per companies act the company can take loan from Director. But since this director is nkn resident, whether we need to take RBI approval to take loan from the non resident director ??

latest answer

RBI guidelines should be followed for such loans.

madhu kuttan pillai

madhu kuttan pillai

CA Inter

0

1

813

Business level strategies

Strategic Management

answered on 21-Dec-20 17:01

Competive advantage and core competencies meaning?

latest answer

Competitive advantage refers to factors that allow a company to produce goods or services better than its rivals. Core competencies are the resources and capabilities that comprise the strategic advantages of a business

Shru Kanda

Shru Kanda

CA Inter

610

1

636

Amalgamation As-14

Accountancy

answered on 21-Dec-20 17:04

Sir, If any Asset taken by purchasing company is less than book value or more than book value then can we consider it as amalgamation in Nature of purchase ?

latest answer

yes

makthala venkateswarlu

makthala venkateswarlu

CA Foundation

510

1

791

Duties of Bailee

Corporate & Other Laws

answered on 21-Dec-20 10:45

Not to set up an adverse title.explain this duty.

latest answer

Should not create a title which will impact bailors right.

Banda Veeresh

Banda Veeresh

CA Inter

35K+

1

710

Free resources

Corporate & Other Laws

answered on 21-Dec-20 10:42

You have provided notes of law in free resources column I find it simple and short the way your notes are made Can I use the same way to write answer in icai exam or do I need to use icai module long and difficult language???

latest answer

Thank you sir! ������

Sai Teja

Sai Teja

CA Final

14K+

4

652

Bailment

Corporate & Other Laws

answered on 21-Dec-20 10:42

In case of seizure of goods by customs authorities, why does it amount to bailment?

latest answer

Ownership is not yet transferred.

Banda Veeresh

Banda Veeresh

CA Inter

35K+

1

598

Bailment

Corporate & Other Laws

answered on 21-Dec-20 10:41

Difference between custody and possession?

latest answer

Custody generally comes along with legal right.

Banda Veeresh

Banda Veeresh

CA Inter

35K+

1

621

Different modes of delivery in bailment

Corporate & Other Laws

answered on 21-Dec-20 10:47

Hypothecation agreement between a banker and borrower is a a constructive delivery. How does it become a constructive delivery? Explain

latest answer

There is no physical delivery in case of hypothecation.

Banda Veeresh

Banda Veeresh

CA Inter

35K+

1

658

Adv. ICITSS

Others

answered on 21-Dec-20 12:00

Can I do Adv. icitss before registering for CA Final Or I have to register first for CA Final ?

latest answer

You can undergo it without registering for CA Final.

Jitendra Suman

Jitendra Suman

CA Final

0

1

609

Assets

Accountancy

answered on 21-Dec-20 12:01

Purchased the assets from vendor sum problem occured in machinery so desaid the vendor give to free of cost machinery rs.100000 so have book asset or expenses

latest answer

Was machine given free of cost?

Deva Raj

Deva Raj

CMA Inter

0

1

576