Question
All revenues received by the Union Government by way of
taxes and other receipts for the conduct of Government business are credited to the?Solution
Under Article 266 (1) of the Constitution of India, all revenues (example tax revenue from personal income tax, corporate income tax, customs and excise duties as well as non-tax revenue such as licence fees, dividends and profits from public sector undertakings etc.) received by the Union government as well as all loans raised by issue of treasury bills, internal and external loans and all moneys received by the Union Government in repayment of loans shall form a consolidated fund.
___________ may fix remuneration of the first auditor appointed by the Board as per section 142 of the Companies Act
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The section of the companies Act, 2013 which contains provisions regarding remuneration of the auditor is:
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They seek to monitor the changes in that environme...
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