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Insolvency and Bankruptcy code 2016
Corporate & Other Laws
answered on 28-Jan-25 17:02
My example Small Residential Project Total Project Allottees: 30 The following are the investment Detail from Home Buyers A) 1cr B)50 lakhs C) 50 lakhs From reaming 27 person from each 1 lakh Now how you apply threshold limit for application My doubt is 1) is Buyer A is alone is eligible to file CIRP 2) The reaming 27 buyers are only jointly applied for CIRP is it valid?
latest answer
No. Buyer A alone is not eligible to file CIRP, even though they have invested ₹1 crore. The threshold under IBC requires at least 3 allottees to jointly file, irrespective of their individual investment amount. Yes. If the 27 buyers (each investing ₹1 lakh) jointly apply, it satisfies the minimum threshold of 3 allottees required under IBC, and the application will be valid.
Chan Dra
CA Final
★ 0
1
215
Incorporation of Company
Corporate & Other Laws
answered on 28-Jan-25 13:38
In this declaration given by professional such as CA, "CS", Cost Account & person named in articles such as "CS", Manager or Director. Can same CS who is engaged in the formation of company and whose name is in articles make 2 sign.
latest answer
Ok mam. Thank you
Lathika
CA Inter
★ 6K+
2
227
Proprietor
Financial Management
answered on 24-Jan-25 12:53
Equity=networth=proprietor funds Then why they have two different ratios 1) equity ratio 2) proprietory ratio Both are same ...!??
latest answer
Proprietary fund & Proprietary ratio terminologies are not often used in the real word Networth & Debt Equity ratio are preferred terminology. ICAI has included this in syllabus for knowledge purposes
anju B
CA Inter
★ 21K+
3
222
Total assets
Financial Management
answered on 24-Jan-25 19:47
Here,in this video total assets is nothing but equity+debt What about the current liabilities means E+D+C.A = T.A
latest answer
Pls ping here only for queries
anju B
CA Inter
★ 21K+
10
295
Adv itt and MCS during articleship under new scheme
Others
answered on 25-Jan-25 10:07
Whether leave for MCS orientation and adv itt will be considered as leave for articles under new scheme?
latest answer
Ok, Thank you sir
Sajeetha R
CA Final
★ 46K+
2
424
Return on capital employed
Financial Management
answered on 24-Jan-25 13:05
PAT +interest Why we have to include interest In post tax which means only PAT? what about in ROT, ROE scenario we use only PAT for calculation ?
latest answer
No. It is correct only Numerator should be income for all financiers ( Debt and Equity) so it has to be EBIT and not after deducting Interest - it can be pre or post tax Denominator is CE, i.e Debt + Equity ( it also considers all financers) This logic should apply in all kinds of ratios ( some illogical exceptions are made by ICAI in their material but not in real world :) )
anju B
CA Inter
★ 21K+
9
257
Open ended
AFM
answered on 23-Jan-25 14:38
Are all investments in Open ended unlisted securities as they are not listed on Stock exchange. That means all SIPs are unlisted securities?? Don't they invest in listed securities??
latest answer
They invested in listed securities but their NAV is not shown on stock exchange but they compute & upload their NAV on their website, AMFI website and when we all trade, that NAV which is disclosed on website
Veena Avusula
CA Final
★ 1K+
1
205
Prospectus
Corporate & Other Laws
answered on 26-Apr-25 13:37
A company that’s already listed have to issue prospectus for further issue of share ?
latest answer
Where the company is issuing security exactly the same as previously issued and already listed, then no need of fresh prospectus. Example, ABC Ltd. had issued 10 lakh equity shares of ₹10 each. These shares are listed on the NSE and actively traded. Now, the company wants to issue 5 lakh more equity shares, which are: Same face value (₹10) Same rights (voting, dividend, etc.) Same class and series, Same objective for utilisation of funds. Will also be listed on NSE Since the new shares are identical in every respect to the previously issued and currently listed ones, the company doesn’t need to comply with the detailed prospectus contents in Section 26(1).
Sushmita Chowdhury
CA Inter
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7
221
as 12
Accountancy
answered on 27-Jan-25 23:49
sir iam confused you said for non depreciable asset we transfer the grant to capital reserve but in the end u said it can also be deducted from such assets cost and also sir for an free asset u said we need to give some nominal price and u can credit any unsensitive accounts right so is there any other possible accounts i can use it for this purpose other than depreciation
latest answer
ok sir so i would just go with capital reserve way then thanks sir doubt cleared
N.V Karthikeyan
CA Inter
★ 1K+
4
219
as 12
Accountancy
answered on 28-Jan-25 00:00
sir in this video weve seen that if a non depreciable asset is acquired and for the grant is given and ther eis no future condition is met then transfer it to capital reserve but if there is any future conditions to be met then name it as deferred gov. grant and charge it to p and l in proportion to the future expenses of that condition lets say the land is 1cr and grant is 30l and future condition to be done for 1 year and the cost would be 10l .so here there is a future condition and the asset is non depreciable since it is freehold land so we charge the grant according the proportion of the money incurred but here it is only 10l so do we transfer 20l to capital reserve and charge the 10l to p and l in proportion which is here at one shot since its only 1 year and we incurred the expense of 10l at that 1year
latest answer
sorry sir i didnt stated for non depreciable asset that grant can also be reduced from the asset but rest i stated the same things you stated sir. thanks sir my doubt is clarified
N.V Karthikeyan
CA Inter
★ 1K+
4
243