Question
Which of the following is an application of
funds?Solution
An increase in working capital is considered an application of funds because it reflects the use of financial resources to finance additional current assets, such as inventory and receivables. This typically requires cash outflows, representing how the company has applied its funds.
A contract is entered into under duress where one party threatened the other with loss of business if the agreement wasn't signed. The other party signs...
Mr. Sharma, a sole proprietor, entered into an oral agreement with a vendor for purchase of office furniture worth ₹2 lakhs, with delivery to be made ...
XYZ Ltd., a listed entity, has only 2 independent directors on its 12-member Board. Audit Committee is formed with 2 independent and 1 executive directo...
The registered office clause of memorandum of association contains
The preference shares should be redeemed with in a period of
What is the minimum number of members required to form a public company?
Which of the following is an exception to the doctrine of privity of contract rule _______________?
A contract entered between two companies was found to lack mutual consent. Under the Indian Contract Act, which essential element of a valid contract is...
As per the Companies Act and related Rules, every private company is required to issue securities only in a dematerialised form and facilitate demateria...
As per the Companies Act, 2013 a Company means_____________
