Question
 The Hon’ble Supreme Court of India has held in the
case of _______ that sale of immovable property through GPA is not valid.Solution
In the case of Suraj Lamp & Industries Pvt. Ltd. Vs State of Haryana & Anr., the Hon’ble Apex Court of India after interpreting various provisions of the law concerning Property Sales, held that the sale of immovable property through Sale Agreement, Will, General Power of Attorney is not valid. The Bench held that this type of transaction are not transfers or sales and such transactions cannot be treated as completed transfers or conveyances. However, the Bench said the Judgment will not affect genuine transactions under the General Power of Attorney. To avoid such transactions, the Bench asked the States, to reduce the Stamp Duty to encourage registration of Sale Deeds.
In relation to the Accounts of Insurance Companies, which of the following statements are correct?
(i) Re-insurance means the transfer of a part ...
While calculating the claim outstanding at the end, which claims are considered?
Which schedule of the Companies Act provides the format for the Balance Sheet?
A MSME start-up is eligible for priority sector loan of up to Rs. _________
ABC Ltd. has fixed operating costs of ₹50 lakh and interest cost of ₹20 lakh. It earned EBIT of ₹80 lakh on sales of ₹200 lakh. Calculate the op...
In which situation flow of funds does not happen?
Which of the following statements is FALSE regarding computerised accounting?
  From the following information calculate the amount of sales to earn a desired profit of Rs.6,000
Fixed Cost: 12,000
Selling Price: ...
₹200 paid as wages for erecting a machine should be debited to:
Loans up to how much qualify as micro loans under the Credit Guarantee Fund for Micro Units (CGFMU)?