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Today, We Celebrate The Dedication, Integrity, And Excellence Of Every Chartered Accountant Who Plays A Vital Role In Building Businesses, Strengthening The Economy, And Inspiring Future Professionals.
A Special Salute To All CA Aspirants Who Are Working Tirelessly To Achieve Their Dream — Your Hard Work Today Will Become Your Success Tomorrow. 💪📚
Wishing Every Chartered Accountant And Future CA A Very Happy CA Day!
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''A' draws a cheque in favour of 'B'. Before presentation, A dies. B presents the cheque within its validity period. Which is the MOST appropriate legal position?
Anonymous Quiz
22%
A. Cheque becomes automatically void on death of drawer
15%
B. Banker must always honour the cheque
63%
C. Liability depends upon whether the bank had knowledge of the drawer's death before payment
0%
D. Holder loses all rights
❤1
A company forfeits shares originally issued at premium. The premium had already been received. While reissuing such forfeited shares, the maximum permissible discount shall be:
Anonymous Quiz
12%
A. Amount forfeited including premium
65%
B. Amount forfeited excluding securities premium
19%
C. Face value only
4%
D. No discount permissible
❤1
The office of a director becomes vacant due to disqualification. The vacancy takes effect:
Anonymous Quiz
14%
A. From the next Board Meeting
9%
B. Only after shareholders approve
68%
C. As provided under the Companies Act upon incurring the disqualification/vacation event
9%
D. After filing with ROC
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