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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 […]
Management of Receivables and Payables Question 1.The credit manager of XYZ Ltd. is reappraising the company’s credit policy. The company sells its products on terms of net 30. Cost of goods sold is 85% of sales and fixed costs are further 5% of sales. XYZ classifies its customers on a scale of 1 to 4. […]
Management of Inventory Question 1.A Ltd. uses inventory turnover as one performance measure to evaluate its production manager. Currently, its inventory turnover (based on cost of goods sold ÷ inventory) is 10 times per annum, as compared with industry average of 4. Average sales are ₹ 4,50,000 p.a. variable costs of inventory have consistently remained […]