Question
XYZ Ltd. plans a buyback of 10 lakh equity shares at
₹200 each. Face value is ₹10. The company will use reserves for this. What impact will it have on share capital and reserves?Solution
Buyback reduces share capital (to the extent of face value) and reserves (to the extent of premium paid). Here, ₹10 crore goes from share capital and ₹190 crore from reserves.
An implied contract is created by the:
Under CGFMU, the amount in default over and above the initial 3% borne by the lending institution is covered to what extent?
Under the GST Laws, in the case of refund on account of inverted duty structure, refund of input tax credit shall be granted as per which of the followi...
The following balances are available for a company:
Cash: ₹5L, Inventory: ₹12L, Debtors: ₹10L, Short-term investments: ₹3L
Account...
The UTGST Act, 2017 is applicable to Union-Territories except:
Section 2(88) of the Companies Act, 2013, defines the expression ‘________________’ as such equity shares as are issued by a company to its director...
Where to show Share application money received in excess of issued share capital?
The DuPont Analysis uses the following ratios except:
Which of the following statements is true with regard to declaring and issuing of Bonus Shares?
What does “Inhwa” in management perspective refer to?
