Question
The articles of a company may confer on its Board of
Directors the power to appoint any person, other than a person who fails to get appointed as a director in a general meeting, as an additional director at any time who shall hold office_____________Solution
Section 161. Appointment of additional director, alternate director and nominee director: (1) The articles of a company may confer on its Board of Directors the power to appoint any person, other than a person who fails to get appointed as a director in a general meeting, as an additional director at any time who shall hold office up to the date of the next annual general meeting or the last date on which the annual general meeting should have been held, whichever is earlier
A CC account shows frequent excess drawings, decline in stock levels, delays in statutory payments and high turnover in sister concerns. These indicator...
A term loan of ₹70 crore is classified as Doubtful. Realisable value of primary security is ₹40 crore and collateral security is ₹10 crore. The ba...
What is a Private Placement?
Consider the following and select which of them forms a part of capital receipts for the GoI
I.<...
A company shows Profit after Tax ₹14 crore, Depreciation ₹10 crore, Increase in Working Capital ₹6 crore and Term Loan repayment due next year ₹...
How many directors can be appointed by small shareholders in a company?
A doubtful asset (D1) has secured portion of ₹40 crore and unsecured portion of ₹20 crore. The secured portion has remained doubtful for less than o...
A company reported net profit before tax of Rs.36,100. It has raised debt capital of Rs.250,000 through 13% debentures. What is the interest coverage ra...
An NPA account has outstanding of ₹50 crore. The realisable value of security is estimated at ₹30 crore. The borrower offers a one‑time settlement...
As per Ind AS 7, dividend received is shown under: