Question
A person can hold directorship in ______ companies
simultaneously.Solution
As per Section 165 of Companies Act, 2013, a person can be a director of maximum 20 companies at same time (including any alternate directorships). Within this limit, he/she can be a director of maximum 10 public companies. Further the members of a company may restrict abovementioned limit by passing a special resolution.
In relation to Accounting for Investments, which of the following statements is/are correct?
Statement-1: The carrying amount for long-term inves...
As per Section 127 of the Companies Act, 2013, in relation to punishment for failure to distribute dividends, where a dividend has been declared by a co...
When an individual is unable to repay the overdraft availed from a bank, which type of risk is the bank primarily exposed to?
In Zero-Based Budgeting (ZBB), the budget for each activity is:
Which of the following pair is wrongly matched?
Which of the following account has a Credit Balance?
Which inventory costing formula calculates value of closing inventory considering that inventory most recently purchased has not been sold?
Activity Ratios are meant to indicate:
The term supply includes:
According to the Companies Act, 2013, every listed company must constitute an Audit Committee. Which of the following is not a role of this committee?
Relevant for Exams:
