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Declaration and Payment of Dividend Question 1.AB Ltd. has issued equity shares having face value of ₹ 10 per share. The shares are currently quoting on the NSE at ₹ 250 per share. The company at its AGM held on 27.07.22 has declared a dividend of 20%. Mr. Shekar owns 1,000 shares which he purchased […]
Management and Administration Question 1.Mr. Zoey purchased the shares of Luxy Hairstyles Private Limited, at market price. In the name of his daughter, Mita, who is 4 years old. Mr. Joe, the Director of the Company, has approached you to advise him on the updation of said change In the register of members, since Mita, […]
Registration of Charges Meaning & types of Charges Question 1.Mind Limited realised on 2nd May, 2022 that particulars of charge created on 12th March, 2022 in favour of a Bank were not filed with Registrar of Companies for Registration. What procedure should the company follow to get the charge registered with the Registrar of Companies? […]
Acceptance of Deposits by Companies Question 1.Soorya Ltd. has raised ₹ 2,00,000 through issue of non-convertible debenture not constituting a charge on the assets of the company and listed on a recognised stock exchange as per applicable regulations made by Securities and Exchange Board of India. Whether the amount so received can be treated as […]
Share Capital and Debentures Question 1.Can equity share with Differential Voting rights be issued? if yes, state the Conditions under which such shares may be issued. [May 18 (6 Marks)]Answer:Conditions for the issue of equity shares with differential rights:As per Sec. 43 of Companies Act, 2013, equity share capital of a company limited by shares […]
Prospectus and Allotment of Securities Question 1.The Board of Directors of Dr. Sunny Pharmaceutical Limited has allotted shares to the investors at large without issuing a prospectus. State whether the allotment made by the company is valid and briefly describe the related consequences.Answer:Issue of Securities to Public: As per Sec. 23 of the Companies Act, […]
Incorporation of Company and Matters Incidental Thereto Question 1.XYZ a One Person Company (OPC) was incorporated during the year 2020-21 with an authorized capital of ₹ 45 lakh (4.5 lakh shares of ₹ 10 each), the capital was fully subscribed and paid up. Turnover of the company during 2020-21 & 2021-22 was ₹ 2 crores […]
Preliminary Question 1.X Industries Ltd. is a company in which 25% of shareholding is held by Central Government; 10% shareholding is held by Government of Maharashtra and 15% shareholding is held by Central Government and Government of Rajasthan jointly. Examine whether, X Industries Ltd. Is a government company.Answer:Government Company: As per Sec. 2(45) of Companies […]
Introduction to Strategic Management Question 1.State with reasons which of the following statement is correctíincorrect:Strategy is a substitute for Sound, Alert, and Responsible management. (Nov 2008, 2 marks)Answer:Incorrect: Strategy is no substitute for sound, alert and responsible management. Strategy can never be perfect, flawless, and optimal. It is in the very nature of strategy that […]
Financing of Working Capital Question 1.Answer the following:Differentiate between Factoring and Bilis discounting. (Nov 2009, 2 marks), ( May 2015,4 marks) ORDistinguish between factoring and bill-discounting. (May 2013, 4 marks)ORWhat is ‘Bill discounting’? How does it differ from ‘Factoring’? Explain. (Nov 2017, 4 marks)Answer:Difference between Factoring and Bill Discounting Basis of Difference Factoring Bill Discounting […]