Question
What is the quorum required for a Board of Directors
meeting according to Companies Act, 2013?Solution
Quorum of Meetings – Sec 174 Quorum for the meeting shall be 1/3rd of total strength or 2 directors whichever is higher. Participation of directors through video conferencing or other audio visual means shall also be counted for the purpose of quorum with exception to the meetings with the following agenda
- Approval of annual financial statements ;
- Approval of Board’s Report ;
- Approval of prospectus;
- Audit Committee Meetings for considertion of Accounts;
- Approval of matters relating to amalgamation, merger, demerger, acquisition and takeover .
‘‘Interest accrued & due on debentures’’ is shown ...................... .
An interface, that allows a user to interact with the e-commerce vendor in a two-tier architecture, is known as __________.
XYZ Ltd. plans to buy back 10% of its paid-up equity capital. It has reserves of ₹20 crore and total debt of ₹80 crore. As per Companies Act and SEB...
In relation to auditing concepts, which of the following statements is INCORRECT?Â
When the liquidation expenses are paid and borne by the transferee company, which of the following entry is made in the books of transferor company?
If Selling Price is 9 per unit, variable cost is 5 per unit and fixed cost is 100000, calculate PV ratio?
Sensitivity Analysis is useful in decision making because __________.
A company has Fixed Costs of ₹2,00,000, a contribution margin ratio (P/V ratio) of 25%, and it achieved total sales of ₹10,00,000. Calculate the pro...
Calculate Breakeven point from the following data:
Fixed cost = Rs. 1,20,000
Sales = Rs. 2,20,000
Variable cost = Rs. 88,000
What duties are taxes on intra-State supplies?
