Question
Which of the following is not a suit of civil nature?
Solution
As per s.9.of CPC- Courts to try all civil suits unless barred.—The Courts shall (subject to the provisions herein contained) have jurisdiction to try all suits of a civil nature excepting suits of which their cognizance is either expressly or impliedly barred. [Explanation I].—A suit in which the right to property or to an office is contested is a suit of a civil nature, notwithstanding that such right may depend entirely on the decision of questions as to religious rites or ceremonies. [Explanation II].—For the purposes of this section, it is immaterial whether or not any fees are attached to the office referred to in Explanation I or whether or not such office is attached to a particular place. A suit in which the right to property or to an office is contested is a suit of a civil nature, notwithstanding that such right may depend entirely on the decision of a question as to religious rites or ceremonies.
A company has debt of ₹50 lakh at 10% interest, equity of ₹1 crore with cost of equity 15%, and tax rate 30%. Calculate the WACC (weighted by market...
Which of the following transaction will affect the current ratio?
A director is appointed in _______
A company purchased machinery for ₹50,00,000 on 1st April 2020. Installation cost was ₹5,00,000. Residual value ₹3,00,000, useful life 5 years. On...
If the amount of any known liability cannot be determined accurately, then:
Claims paid during year = ₹150 crore; Outstanding claims at year-end = ₹20 crore; Outstanding at beginning = ₹15 crore. Calculate claims incurred.
Tangible property to be consumed in production of goods or services or held for sale in the ordinary course of business is defined as:
What is the Surrender Value of an insurance policy?
An oil company constructs a drilling platform at a cost of ₹200 crore. It estimates a dismantling cost of ₹30 crore at the end of 25 years. The pres...
An uncovered cost at the start of a year is Rs. 20,000. Full cash flow during the recovery year is Rs. 40,000, and years prior to full recovery are 3. T...