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Legal Compliance

Excellent commerce point > Legal Compliance
Accounts of Companies​
20
Jun

Accounts of Companies Question 1.XYZ Ltd. wants to maintain its books of account on cash basis, is this a valid act of XYZ Ltd?Answer:Maintenance of Books of account: Sec. 128(1) of the Companies Act, 2013 requires every company to prepare books of account and other relevant books and papers and financial statement for every financial […]

Posted in: ca intermediate notes ,
Tags: Accounts of Companies , Annual Accounts , Books of Accounts , CA Exam Prep , ca foundation , cma foundation , Companies Act , Company Accounts , Company Law , Financial Statements , Legal Compliance , Statutory Audit ,
Declaration and Payment of Dividend​
20
Jun

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 […]

Posted in: ca intermediate notes ,
Tags: CA Exam Prep , ca foundation , CMA Exam Prep , cma foundation , Companies Act , Company Law , Corporate Law , Declaration of Dividend , Dividend Procedure , Dividend Rules , Legal Compliance , Payment of Dividend , Unpaid Dividend ,
Management and Administration ​
20
Jun

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, […]

Posted in: ca intermediate notes ,
Tags: Board of Directors , CA Exam Prep , ca foundation , CMA Exam Prep , cma foundation , Companies Act , Company Law , Company Registers , Corporate Governance , General Meetings , Key Managerial Personnel , Legal Compliance , Management and Administration ,
Prospectus and Allotment of Securities​
20
Jun

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, […]

Posted in: ca intermediate notes ,
Tags: Allotment of Securities , CA Exam Prep , ca foundation , CMA Exam Prep , cma foundation , Companies Act , Company Law , Legal Compliance , Private Placement , Prospectus , Public Issue , Securities Allotment Process , Types of Prospectus ,