Question
Surplus is allocated for bonus in the case of a banking
company?Solution
Explanation: As per Section 31- (1) The bonus shall be paid out of the allocable surplus which shall be an amount equal to sixty per cent. in case of a banking company and sixty-seven per cent. in case of other establishment, of the available surplus and the available surplus shall be the amount calculated in accordance with section 33. (2) Audited accounts of companies shall not normally be questioned. (3) Where there is any dispute regarding the quantum of bonus, the authority notified by the appropriate Government having jurisdiction may call upon the employer to produce the balance sheet before it, but the authority shall not disclose any information contained in the balance sheet unless agreed to by the employer.
What action should lenders take when a stressed loan is transferred to an ARC at a price below the Net Book Value (NBV)?
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Which of the...
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The sweat equity shares issued to directors or employees have a lock-in of what duration?
Which of the following is not one of the ‘S’ in the 5 S technique used for controlling waste?
What is the growth forecast for India's GDP in FY25 according to S&P Global Ratings?
Using the following data, calculate the Economic Order Quantity (EOQ):
Monthly consumption: 4000 kg
Cost per kg of raw materials: ₹2
...A company reports:
• Current Assets = ₹12 lakh
• Current Liabilities = ₹6 lakh
• Inventory = ₹2 lakh
What is the Quick Ratio?
Which of the following methods involves computing the cost of capital by dividing the dividend by market price/net proceeds per share?
Which of the following describes the relationship between systematic risk and return?
What is the maximum margin money subsidy provided under PMEGP for beneficiaries in rural areas from special categories? Â
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