Question
ABC Ltd. enters into a contract with a director’s
relative for supply of raw material worth Rs. 1.2 crore. Paid-up share capital is Rs. 5 crore. As per Companies Act 2013, what compliance is required?Solution
Related Party Transactions beyond certain thresholds (10% of turnover or Rs. 1 crore) require shareholder approval via special resolution.
How does the purchase of a new machinery to expand production capacity impact the working capital of ABC Limited?
Identify correct full forms of ESOP and ESPP.
An Indian citizen who stays in India for less than how many days during a financial year is considered a Non-Resident Indian (NRI)?
Which of the following formulae is correct for calculation of Cost of Goods Sold?
AS-10 pertains to:
Which Indian Accounting Standards (Ind AS) deals with "Financial Instruments"?
The primary function of Audit is:
(i) to verify the accuracy and completeness of accounts.
(ii) to secure that all revenue and receipts co...
According to RBI guidelines (aligned with Basel norms), what is the minimum Capital to Risk-Weighted Assets Ratio (CRAR or CAR) that scheduled commercia...
When a transaction of supply of goods/services is made between two persons who are not related to each other and price is the sole consideration for the...
Following data has been extracted from the records of BCG Ltd. Machine hours: 8,00,000 (Maximum), 3,00,000 (Minimum). Manufacturing Overheads (â‚ą in la...
