Question
The directors, partners and one representative of
operational creditors, may attend the meetings of committee of creditors but shall not have any right to vote in such meetings. The statement is _____________Solution
IBC Â Â Section 24-Meeting of committee of creditors: (4) The directors, partners and one representative of operational creditors, as referred to in sub-section (3), may attend the meetings of committee of creditors, but shall not have any right to vote in such meetings: Provided that the absence of any such director, partner or representative of operational creditors, as the case may be, shall not invalidate proceedings of such meeting.
__________ of an assessee determines the scope of chargeability of his/her income.
A project costs ₹40 lakh and will generate ₹12 lakh p.a. for 6 years. The required rate of return is 10%. PV factor for 6 years @10% = 4.3553. Calcu...
Which of the following statements is INCORRECT?
Who is the regulator of the corporate sector?
Indian Insurance Co. Ltd. on 31.12.20X1 had reserve for unexpired risk of 20 crores in respect of fire insurance business. During 20X2, the premium col...
Which Indian Accounting Standards (Ind AS) deals with "Financial Instruments"?
Revenue as per Ind AS -18 is not categorised into which one of the following types:
X Ltd. is absorbed by Y Ltd. Purchase consideration = ₹10,00,000. Assets taken over = ₹12,00,000, Liabilities = ₹3,00,000. What is the goodwill or...
An enterprise consumes 25,600 units of a component annually. The order cost is ₹600 per order, and carrying cost is ₹12/unit/year. A supplier offers...
Which of the following statements is FALSE?