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Case study Q
Corporate & Other Laws
answered on 09-Feb-25 20:49
My question is, why does the case study not qualify as bailor's right to indemnify bailee for extraordinary expenses in the case of a non-gratituous bailment?
latest answer
thanks
Asmita Kar
CA Foundation
★ 7K+
2
509
unlimited company
Corporate & Other Laws
answered on 12-Feb-25 22:13
what is the meaning of , in case the company has share capital ,as long as the company is a going concern the liability on the shares is the only liability which can be enforced by the company .
latest answer
The company can only enforce the liability on shares, meaning it can ask shareholders to pay any unpaid portion of their shares if the shares were not fully paid at the time of issuance.
Akshara Agrawal
CA Foundation
★ 180
1
212
Difference in fair values as on settlement
Financial Reporting
answered on 20-Feb-25 18:54
Timestamps: 14:23 (and 08:40) Sir, here the entity has accounted, and later settles, as equity option. Nevertheless, why is it required to account for the difference in the fair values of options as on settlement, since we learned that the entity shall recognize equity component at its fair value as on grant date, and shall not revise it subsequently for any changes in fair value?
latest answer
Got it! Thanks, sir.
Denz Philip
CA Final
★ 10K+
4
208
2nd point in the question
AFM
answered on 07-Feb-25 20:10
I have confused regarding project share of allocated fixed cost of 3 million usd ,based on principle of ability to share. Please clarify this point sir.
latest answer
Thank you sir. got it
Tharani Priya J
CA Final
★ 460
2
239
Void agreements confusion
Corporate & Other Laws
answered on 12-Feb-25 18:08
the concepts of marriage brokerage agreements and agreements in restraint of marriage (section 26) are a bit confusing for me. Can anyone please explain the difference between the two? Both are void agreements right?
latest answer
thank you ma'am
Asmita Kar
CA Foundation
★ 7K+
4
337
Marriage brokerage agreements
Corporate & Other Laws
answered on 13-Feb-25 06:47
What is the answer to this question? Is the contract valid?
latest answer
thank you ma'am
Asmita Kar
CA Foundation
★ 7K+
6
662
Alteration of share capital & MOA
Corporate & Other Laws
answered on 12-Feb-25 22:15
As per sec 61.. a company can alter its share capital by altering MOA... In that section specifies... It can be done by passing a Resolution.. but according to sec 13 it says we can alter the MOA by passing a special resolution... Whether a company wants to alter its authorised share capital it shall pass a special resolution for MOA and a normal resolution for altering share capital ? Is there any overriding effect ?
latest answer
Alteration of share capital in itself alters the MOA, so there is not overriding effect.
Jashvanth.K
CA Inter
★ 11K+
3
294
BUSINESS CONNECTION IN INDIA
Direct Taxation
answered on 07-Feb-25 17:44
SIR, i didnt fully understand the point of habitually securing orders in india in the topic busniess connection in india could you please explain it with an example
latest answer
If there is an agent in India who is securing orders on behalf of non resident then we say that Non resident is having business connection in India.
Sandeep
CA Inter
★ 50
1
225
HRA
Direct Taxation
answered on 07-Feb-25 17:45
Sir , if HRA amt is given but house is in metro is not given in the question then can we make assumption like it is in metro or not ( or ) simply follow that it is not in metro ?
latest answer
We will assume that it is not metro.
Nagachaitanya Nomula
CA Final
★ 8K+
3
242
21- Question
Financial Reporting
answered on 07-Feb-25 10:07
Sir, In the material they have mentioned as the company would buy at a fixed price which is less than a fair value but you have mentioned as more than FV. Is it a printing mistake or we should change it?
latest answer
Printing error. Thanks for highlighting. Since its more only then customers would be inclined to buy
Pradeepa Narayanan
CA Final
★ 5K+
1
184