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India's constitutional framework establishes what scholars describe as a "quasi-federal" structure that incorporates elements of both federal and unitary systems. While the Constitution clearly divides powers between the Union and States, creating a dual polity characteristic of federalism, it simultaneously grants significant authority to the central government—particularly during emergency situations—which reflects unitary principles. However, the Constitution does not explicitly authorize or establish provisions for referendums as a form of direct democracy, making statement II incorrect.
___________ may fix remuneration of the first auditor appointed by the Board as per section 142 of the Companies Act
In context of Goods and Service Tax, what does CTP represent?
What is the ideal liquid ratio of any entity?
Calls in arrear is shown in Balance Sheet as?
With respect to Job Costing, which of the following statement is incorrect?
What is the time limit for filing revised return at present?
Balance as per pass book is Rs. 50,000/-. Rs 5,000/- were directly deposited by a customer into the bank. Then the balance as per cash book is:
An amount received from Seema, whose account was previously written off as Bad Debts, should be debited to:
Revenue should be recognized at the point of sale. Which principle is applied here?