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Practice Commercial Laws Questions and Answers

What is the quorum required for a Board of Directors meeting according to Companies Act, 2013?
As per Section 26(9) of Companies Act 2013, what is the amount of fine in case the prospectus is issued in contravention of the section related to matters ...
Which among the following acts lays down the law relating to payment of a customer's cheque by a banker and the protection available to a banker?
Avinash Ltd needs approves to raise capital through rights issue to its existing shareholders in the ratio of 1:2. If, the market value of the share is Rs....
A company bought a new machinery worth Rs.4 lakh by issuing 10% Debentures of value Rs.160 were issued at a premium of 25%. How much amount is credited to ...
A company paid Rs.15 lakh for a machine imported from Germany. The machine was tested at a cost of Rs.18,000. The company also spent on freight and install...
A company foreited certain equity shares. These were re-issued later in the year. The profit on Forfeiture of these shares would be transferred to w...
A company reported net profit ratio of 5% and RoA of 9% on total assets of Rs.90 Lakh. What will be the Total Asset Turnover Ratio of the company?
A company purchased 50,000 units of raw material at Rs.2 per unit. At what value will the raw material inventory be recorded in the books of accounts if th...
ABC Ltd had issued 20,000 debentures with FV of Rs.100 each, redeemable at 5% premium. Debenture holders have an option to convert 20% of redemption value ...
Which of the following is an example of contract costing?

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