Forwarded from CA INTER NOTES & UPDATES
#CASE_STUDY_1
๐ธJoin โก๏ธ @CAInterExam
๐ธCase study Series
๐M/s X limited is a company having paid up share capital of Rs.1 Crore (which gives right to total 50,000 votes)
๐M/s Y limited holds 45% voting power of M/s X limited
๐M/s Z limited holds 20% voting rights in X limited
๐M/s XYZ limited holds 75% voting rights in Y Limited and 60% voting rights in Z limited
๐M/s X limited is subsidiary of __
๐ธJoin โก๏ธ @CAInterExam
๐ธCase study Series
๐M/s X limited is a company having paid up share capital of Rs.1 Crore (which gives right to total 50,000 votes)
๐M/s Y limited holds 45% voting power of M/s X limited
๐M/s Z limited holds 20% voting rights in X limited
๐M/s XYZ limited holds 75% voting rights in Y Limited and 60% voting rights in Z limited
๐M/s X limited is subsidiary of __
Forwarded from CA INTER NOTES & UPDATES
Forwarded from CA INTER NOTES & UPDATES
#CASE_STUDY_2
๐ธJoin โก๏ธ @CAInterExam
๐ธCase study Series
๐Mr. X used to sell goods on credit to Mr. Y
๐Mr. Y accepted a bill of Rs.100,000 in favour of Mr. X on account of amount due for goods bought
๐Mr. X endorsed the bill to Mr. Z for amount due to him
๐One day the bill gone missing from Mr. Zโs drawer
๐ the bill was stolen by Mr. P, who then forged signatures of Mr. Z and got it transferred to himself
๐Mr. P bought some furniture from Mr. Q and endorsed the bill to Mr. Q (Mr. Q agreed to this in good faith and without knowing the truth behind Pโs possession of the bill)
๐Is Mr. Q entitled to the amount of bill when it falls due ?
๐ธJoin โก๏ธ @CAInterExam
๐ธCase study Series
๐Mr. X used to sell goods on credit to Mr. Y
๐Mr. Y accepted a bill of Rs.100,000 in favour of Mr. X on account of amount due for goods bought
๐Mr. X endorsed the bill to Mr. Z for amount due to him
๐One day the bill gone missing from Mr. Zโs drawer
๐ the bill was stolen by Mr. P, who then forged signatures of Mr. Z and got it transferred to himself
๐Mr. P bought some furniture from Mr. Q and endorsed the bill to Mr. Q (Mr. Q agreed to this in good faith and without knowing the truth behind Pโs possession of the bill)
๐Is Mr. Q entitled to the amount of bill when it falls due ?
Forwarded from Mission CA Inter ๐
#CASE STUDY 1
๐ธ@Mission_CA_Inter๐ธ
๐ธCase Study Series๐ธ
Mr. Ram is a resident of Navi Mumbai, Due to the spread of COVID 19, he decided to leave Mumbai and go back to his parental village near Indore, while leaving Mumbai he handed over keys of his house, and Scooter to his neighbour (Mr. Suresh), it was implied from their past relationship that Mr. Suresh can use Mr. Ramโs scooter for his day to day needs. Mr. Ramโs Car is also parked in his house but the keys of Car were not handed over to Mr. Suresh but kept by Ram with himself. While leaving Mr. Ram asked Mr. Suresh to take care of car as well. The scooter was being used my Mr. Suresh for day to day activities, on a particular day Mr. Suresh decided to go to Matheran (hill station 150 Km/s away from Mumbai). While going to Matheran the scooter met with an accident (due to fault in its clutch), it caused injuries to Mr. Suresh and also damage to the scooter. Mr. Ram had never informed Suresh about the clutch issue as he himself was also not aware about the clutch issue. Mr. Ram is intending to recover damages from Suresh for the loss caused to his scooter whereas Suresh is intending to recover damages from Ram for injuries caused to him due to faulty clutch.
Answer following questions based upon the above case (next 4 MCQโs on the basis of this case)
โโโโโ โข.โฐ.โข โโโโโ
โโธ โoin t.me/Mission_CA_Inter
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๐ธ@Mission_CA_Inter๐ธ
๐ธCase Study Series๐ธ
Mr. Ram is a resident of Navi Mumbai, Due to the spread of COVID 19, he decided to leave Mumbai and go back to his parental village near Indore, while leaving Mumbai he handed over keys of his house, and Scooter to his neighbour (Mr. Suresh), it was implied from their past relationship that Mr. Suresh can use Mr. Ramโs scooter for his day to day needs. Mr. Ramโs Car is also parked in his house but the keys of Car were not handed over to Mr. Suresh but kept by Ram with himself. While leaving Mr. Ram asked Mr. Suresh to take care of car as well. The scooter was being used my Mr. Suresh for day to day activities, on a particular day Mr. Suresh decided to go to Matheran (hill station 150 Km/s away from Mumbai). While going to Matheran the scooter met with an accident (due to fault in its clutch), it caused injuries to Mr. Suresh and also damage to the scooter. Mr. Ram had never informed Suresh about the clutch issue as he himself was also not aware about the clutch issue. Mr. Ram is intending to recover damages from Suresh for the loss caused to his scooter whereas Suresh is intending to recover damages from Ram for injuries caused to him due to faulty clutch.
Answer following questions based upon the above case (next 4 MCQโs on the basis of this case)
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โโธ โoin t.me/Mission_CA_Inter
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Forwarded from Mission CA Inter ๐
Forwarded from Mission CA Inter ๐
#case study 1
#MCQ 2
Was the bailer under obligation to inform defects in the scooter which might cause danger to the bailee
#MCQ 2
Was the bailer under obligation to inform defects in the scooter which might cause danger to the bailee
Anonymous Quiz
31%
Yes, since In every type of bailment bailor must inform all the defects to the bailee
27%
Yes, since this is a non gratuitous bailment and all the defects must be informed to the bailee
37%
No, since the bailor himself was not aware about the defects
5%
None of above
Forwarded from Mission CA Inter ๐
Forwarded from Mission CA Inter ๐
Anonymous Quiz
53%
Yes
47%
No
Forwarded from Mission CA Inter ๐
#CASE_STUDY 3
๐ธMission CA Inter๐ธ
๐ธCase study Series๐ธ
๐Mr. X used to sell goods on credit to Mr. Y
๐Mr. Y accepted a bill of Rs.100,000 in favour of Mr. X on account of amount due for goods bought
๐Mr. X endorsed the bill to Mr. Z for amount due to him
๐One day the bill gone missing from Mr. Zโs drawer
๐ the bill was stolen by Mr. P, who then forged signatures of Mr. Z and got it transferred to himself
๐Mr. P bought some furniture from Mr. Q and endorsed the bill to Mr. Q (Mr. Q agreed to this in good faith and without knowing the truth behind Pโs possession of the bill)
๐Is Mr. Q entitled to the amount of bill when it falls due ?
โโโโโ โข.โฐ.โข โโโโโ
โโธ โoin t.me/Mission_CA_Inter
ฤฆฮPPยฅ ลลฆแปฎฤยฅ าโฌโฌP ลฤฆฮลIลGโค๏ธ
๐ธMission CA Inter๐ธ
๐ธCase study Series๐ธ
๐Mr. X used to sell goods on credit to Mr. Y
๐Mr. Y accepted a bill of Rs.100,000 in favour of Mr. X on account of amount due for goods bought
๐Mr. X endorsed the bill to Mr. Z for amount due to him
๐One day the bill gone missing from Mr. Zโs drawer
๐ the bill was stolen by Mr. P, who then forged signatures of Mr. Z and got it transferred to himself
๐Mr. P bought some furniture from Mr. Q and endorsed the bill to Mr. Q (Mr. Q agreed to this in good faith and without knowing the truth behind Pโs possession of the bill)
๐Is Mr. Q entitled to the amount of bill when it falls due ?
โโโโโ โข.โฐ.โข โโโโโ
โโธ โoin t.me/Mission_CA_Inter
ฤฆฮPPยฅ ลลฆแปฎฤยฅ าโฌโฌP ลฤฆฮลIลGโค๏ธ
Forwarded from Mission CA Inter ๐
#CASE_STUDY 4
๐ธMission CA Inter๐ธ
๐ธCase study Series๐ธ
M/s PQR Inc is a company incorporated in USA, it has no branch in India but itโs online products are bought in India through its website, the company accepts payments through online mode and then goods are dispatched through courier to place of customers in India, can M/s PQR Inc be termed as foreign company within the meaning of Companies act 2013
โโโโโ โข.โฐ.โข โโโโโ
โโธ โoin t.me/Mission_CA_Inter
ฤฆฮPPยฅ ลลฆแปฎฤยฅ าโฌโฌP ลฤฆฮลIลGโค๏ธ
๐ธMission CA Inter๐ธ
๐ธCase study Series๐ธ
M/s PQR Inc is a company incorporated in USA, it has no branch in India but itโs online products are bought in India through its website, the company accepts payments through online mode and then goods are dispatched through courier to place of customers in India, can M/s PQR Inc be termed as foreign company within the meaning of Companies act 2013
โโโโโ โข.โฐ.โข โโโโโ
โโธ โoin t.me/Mission_CA_Inter
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Forwarded from Mission CA Inter ๐
#CASE_STUDY 2
๐ธMission CA Inter๐ธ
๐ธCase study Series๐ธ
๐Mr. X used to sell goods on credit to Mr. Y
๐Mr. Y accepted a bill of Rs.100,000 as security in favour of Mr. X
๐their understanding was that the bill will not be presented for payment unless and until Mr. Y fails to pay outstanding amount for goods bought from time to time
๐Mr. X owed an amount to Mr. Z which remained due for long period of time, Mr. X endorsed Mr. Yโs acceptance in favour of Z to meet his liability in favour of Mr. Z
๐Can Mr. Z demand payment of the bill from Mr. Y (assuming amount outstanding on account of goods bought by Mr. Y from Mr. X, at the time of maturity of the bill is only Rs.20,000)
โโโโโ โข.โฐ.โข โโโโโ
โโธ โoin t.me/Mission_CA_Inter
ฤฆฮPPยฅ ลลฆแปฎฤยฅ าโฌโฌP ลฤฆฮลIลGโค๏ธ
๐ธMission CA Inter๐ธ
๐ธCase study Series๐ธ
๐Mr. X used to sell goods on credit to Mr. Y
๐Mr. Y accepted a bill of Rs.100,000 as security in favour of Mr. X
๐their understanding was that the bill will not be presented for payment unless and until Mr. Y fails to pay outstanding amount for goods bought from time to time
๐Mr. X owed an amount to Mr. Z which remained due for long period of time, Mr. X endorsed Mr. Yโs acceptance in favour of Z to meet his liability in favour of Mr. Z
๐Can Mr. Z demand payment of the bill from Mr. Y (assuming amount outstanding on account of goods bought by Mr. Y from Mr. X, at the time of maturity of the bill is only Rs.20,000)
โโโโโ โข.โฐ.โข โโโโโ
โโธ โoin t.me/Mission_CA_Inter
ฤฆฮPPยฅ ลลฆแปฎฤยฅ าโฌโฌP ลฤฆฮลIลGโค๏ธ
๐1
Forwarded from Mission CA Inter ๐
#CASE_STUDY 3
๐ธMission CA Inter๐ธ
๐ธCase study Series๐ธ
๐Mr. X used to sell goods on credit to Mr. Y
๐Mr. Y accepted a bill of Rs.100,000 in favour of Mr. X on account of amount due for goods bought
๐Mr. X endorsed the bill to Mr. Z for amount due to him
๐One day the bill gone missing from Mr. Zโs drawer
๐ the bill was stolen by Mr. P, who then forged signatures of Mr. Z and got it transferred to himself
๐Mr. P bought some furniture from Mr. Q and endorsed the bill to Mr. Q (Mr. Q agreed to this in good faith and without knowing the truth behind Pโs possession of the bill)
๐Is Mr. Q entitled to the amount of bill when it falls due ?
โโโโโ โข.โฐ.โข โโโโโ
โโธ โoin t.me/Mission_CA_Inter
ฤฆฮPPยฅ ลลฆแปฎฤยฅ าโฌโฌP ลฤฆฮลIลGโค๏ธ
๐ธMission CA Inter๐ธ
๐ธCase study Series๐ธ
๐Mr. X used to sell goods on credit to Mr. Y
๐Mr. Y accepted a bill of Rs.100,000 in favour of Mr. X on account of amount due for goods bought
๐Mr. X endorsed the bill to Mr. Z for amount due to him
๐One day the bill gone missing from Mr. Zโs drawer
๐ the bill was stolen by Mr. P, who then forged signatures of Mr. Z and got it transferred to himself
๐Mr. P bought some furniture from Mr. Q and endorsed the bill to Mr. Q (Mr. Q agreed to this in good faith and without knowing the truth behind Pโs possession of the bill)
๐Is Mr. Q entitled to the amount of bill when it falls due ?
โโโโโ โข.โฐ.โข โโโโโ
โโธ โoin t.me/Mission_CA_Inter
ฤฆฮPPยฅ ลลฆแปฎฤยฅ าโฌโฌP ลฤฆฮลIลGโค๏ธ
๐1
Forwarded from Mission CA Inter ๐
#CASE_STUDY 4
๐ธMission CA Inter๐ธ
๐ธCase study Series๐ธ
M/s PQR Inc is a company incorporated in USA, it has no branch in India but itโs online products are bought in India through its website, the company accepts payments through online mode and then goods are dispatched through courier to place of customers in India, can M/s PQR Inc be termed as foreign company within the meaning of Companies act 2013
โโโโโ โข.โฐ.โข โโโโโ
โโธ โoin t.me/Mission_CA_Inter
ฤฆฮPPยฅ ลลฆแปฎฤยฅ าโฌโฌP ลฤฆฮลIลGโค๏ธ
๐ธMission CA Inter๐ธ
๐ธCase study Series๐ธ
M/s PQR Inc is a company incorporated in USA, it has no branch in India but itโs online products are bought in India through its website, the company accepts payments through online mode and then goods are dispatched through courier to place of customers in India, can M/s PQR Inc be termed as foreign company within the meaning of Companies act 2013
โโโโโ โข.โฐ.โข โโโโโ
โโธ โoin t.me/Mission_CA_Inter
ฤฆฮPPยฅ ลลฆแปฎฤยฅ าโฌโฌP ลฤฆฮลIลGโค๏ธ