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Uncalled liability on shares and other partly paid investments will be shown under the Contingent Liabilities and Commitments head according to Schedule III of the Companies Act, 2013. Contingent Liabilities refer to potential obligations that may arise in the future, depending on the occurrence of certain events. In the case of uncalled liability on shares and partly paid investments, the shareholders have a contingent liability to pay the remaining amount when called upon by the company. According to Schedule III, these contingent liabilities, including uncalled liability on shares and partly paid investments, are to be disclosed separately under the Contingent Liabilities and Commitments section in the financial statements of the company. This disclosure ensures that stakeholders are aware of potential future obligations that may impact the financial position of the company.
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Each of the tw...
In the following question, out of the four alternatives, choose the word which is opposite in meaning to the given word and click the button correspondi...
Give a single word that substitutes for the following expression:
A government ruled by a single person with absolute power
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A person who supervises during an examination
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The loss of all stakes came like a bolt from the blue.
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He met his old enemy and ruined his day as he did not want to catch a tartar . ...
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FINITE
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An extra copy of handwriting or printing.
Direction: In the sentence, four highlighted words are given. One of these words may be misspelt or inappropriate in the context of the sentence. Find ...
Select the most appropriate option to substitute the underlined segment in the given sentence. If there is no need to substitute it, select ‘No subst...