Question
A company faces a lawsuit for patent infringement. Legal
advisors state a 55% probability of losing with damages of ₹50 crore, but range could be ₹40–₹70 crore. Settlement discussions ongoing. How should the company account at year-end?Solution
Ind AS 37: provision required if obligation probable (>50%). Best estimate = most likely outcome; if no single most likely, use midpoint of range. Hence provision, not just disclosure.
One Person Company shall file a copy of the financial statements duly adopted by its member, along with all the documents which are required to be attac...
The Golden Triangle concept was given by which Justice?
General Insurance business covers which type/s of business/es?
The superintendence of National Investigation Agency shall vest in the_____________________ as per the National Investigation Agency Act
Before making any decision under Section 7 of the RTI Act, what must the Central or State Public Information Officer do?
Chief Judicial Magistrate may pass a:
How many appeals are provided under CPC?
The official language of the Union shall be-
Theft is an offense against_______________
Under which Section of the Specific Relief Act, 1963 the court has been empowered to engage expert in any suit?
