Question
A company cannot purchase its own shares or other
specified securities out of____________Solution
Section 68.Power of company to purchase its own securities- (1) Notwithstanding anything contained in this Act, but subject to the provisions of sub-section (2), a company may purchase its own shares or other specified securities (hereinafter referred to as buy-back) out of— (a) its free reserves; (b) the securities premium account; or (c) the proceeds of the issue of any shares or other specified securities: Provided that no buy-back of any kind of shares or other specified securities shall be made out of the proceeds of an earlier issue of the same kind of shares or same kind of other specified securities.
What is the maximum number of people that can be offered securities for subscription through private placement in a single financial year?
Which one of the following is exempt income?
In insurance accounting, what does the "claims reserve" represent?
A firm reports:
• Net sales: ₹500 lakh
• Gross profit: ₹125 lakh
• Operating expenses: ₹50 lakh
• Interest: �...
If the MOS = 40000 units and BE units are 35000 and PV ratio is 60%. Calculate profit if revenue per unit is 8.
Which of the following is NOT an advantage of Bonus issue by a company?
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...
According to the Banking Regulation Act, 1949, non-banking assets must be disposed off within _____ years from the date of acquisition or period extende...
The depreciation of assets is computed on their:
Capital budgeting is done for _________.