Explain the 'just and equitable grounds' for winding up of a company.
See Answer →Discuss the role of a company secretary as (a) statutory officer, (b) coordinator and (c) administrative officer.
See Answer →What are Global Depository Receipts? Discuss the main features of Reserve Bank of India's Depository Receipts Scheme 2014 for their issuance.
See Answer →What do you mean by 'incorporation' of a company? What are the effects of registration of a company?
See Answer →Discuss the qualifications and disqualifications of an auditor.
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Explain the liability of directors towards the company and third parties. Can a director be held liable for criminal liability?
See Answer →What is private placement of securities? Discuss the conditions to be satisfied for private placement of shares.
See Answer →Using the Profit and Loss account and Balance Sheet given below, prepare Cash Flow
Statement both under direct and indirect method:
(a) Profit and Loss Account for the year ended 31st March, 2021
Yahan aapki image ka data ek saaf-suthri table mein diya gaya hai:
(Rs. in Thousands)
| Particulars | Year 2020-21 | Year 2019-20 |
|---|---|---|
| Sales | 1,11,780 | 98,050 |
| Other Income | 390 | 220 |
| Cost of Goods Sold | 41,954 | 39,010 |
| Selling and Distribution Expenses | 16,178 | 12,500 |
| Profit Before Tax | 54,038 | 46,760 |
| Less: Income Tax | 21,615 | 18,704 |
| Profit After Tax | 32,423 | 28,056 |
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Discuss the Minimum Paid up capital and Reserve to be maintained by the Banks.
See Answer →The following is the Balance Sheet of R Ltd. and M Ltd. as on 31st March, 2021
दी गई छवि के आधार पर तैयार की गई टेबल यहाँ दी गई है:
| iabilities (दायित्व) | R Ltd. (Rs.) | M Ltd. (Rs.) | Assets (संपत्तियां) | R Ltd. (Rs.) | M Ltd. (Rs.) |
|---|---|---|---|---|---|
| Share Capital (Shares of Rs. 10 each) | 5,00,000 | 4,00,000 | Sundry Assets | 7,00,000 | 6,00,000 |
| Reserves | 2,00,000 | ------- | Investments (In 100% shares of M Ltd.) | 3,00,000 | ------- |
| Creditors | 3,00,000 | 2,00,000 | |||
| --- | --- | --- | --- | --- | --- |
| Total | 10,00,000 | 6,00,000 | Total | 10,00,000 | 6,00,000 |
Prepare a Consolidated Balance Sheet as on 31st March, 2021.
See Answer →How is Provision for taxation treated in books of Account?
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Explain the procedure of reducing share capital in case of internal reconstruction.
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Can a company forfeit shares for non-payment of calls? If so, explain the procedure of share forfeiture.
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