Question
Which of the following is a non-current liability?
Solution
UnderĀ Schedule IIIĀ of theĀ Companies Act, 2013, liabilities are classified asĀ Non-CurrentĀ if they do not meet the criteria for a current liability. A liability is "non-current" if it is expected to be settledĀ beyond 12 monthsĀ from the reporting date or beyond the duration of the normalĀ operating cycle. Since the debentures mentioned are repayable after 5 years, they represent a long-term obligation of the company.Ā
Which of the following provisions has been newly introduced under BNSS, 2023 to promote the use of technology in criminal procedure?Ā
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