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Forwarded from Mohit Agarwal - Divya Agarwal MEPL Students Community
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CS Executive New Batch | Tax Laws & Prcatices - Class 3 | MEPL Classes
🚀 CS Executive New Batch | Tax Laws & Practice – Class 3
Your Journey Towards Mastering Taxation Begins Here! 💼📚
Join The First Class Of Tax Laws & Practice For CS Executive And Build A Strong Foundation In Direct Tax & GST With A Concept-Oriented And Exam…
Your Journey Towards Mastering Taxation Begins Here! 💼📚
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CS Executive New Batch | ECIPL - Class 3 By DIpak Agarwal Sir | MEPL Classes
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Forwarded from Mohit Agarwal - Divya Agarwal MEPL Students Community
A company redeems preference shares out of distributable profits. Which account is ordinarily credited?
Anonymous Quiz
29%
A. Securities Premium Account
41%
B. Capital Redemption Reserve
14%
C. Debenture Redemption Reserve
15%
D. General Reserve
❤1
Forwarded from Mohit Agarwal - Divya Agarwal MEPL Students Community
The maximum permissible discount on reissue of forfeited shares is:
Anonymous Quiz
10%
A. Face Value
15%
B. Called-up Value
68%
C. Amount Originally Forfeited on Those Shares
8%
D. Amount Remaining Unpaid
❤1
Forwarded from Mohit Agarwal - Divya Agarwal MEPL Students Community
A bilateral mistake renders an agreement void only when it relates to:
Anonymous Quiz
9%
A. Value of the subject matter
71%
B. An essential fact forming the basis of the agreement
12%
C. Future profitability
7%
D. Motive of either party
❤1
Forwarded from Mohit Agarwal - Divya Agarwal MEPL Students Community
Acquisition of "Control" may trigger an Open Offer even where:
Anonymous Quiz
14%
A. No Director is Appointed
55%
B. Shareholding Remains Below the Numerical Threshold
10%
C. Dividend Rights are Unchanged
21%
D. Public Shareholding Exceeds 75%
❤1
Forwarded from Mohit Agarwal - Divya Agarwal MEPL Students Community
Materiality under the LODR Regulations is assessed primarily from the perspective of:
Anonymous Quiz
27%
A. The Board of Directors
33%
B. The Company Secretary
29%
C. A Reasonable Investor
11%
D. The Statutory Auditor
❤1
Which agreement is void but not illegal?
Anonymous Quiz
32%
A. Agreement in restraint of marriage
36%
B. Wagering Agreement
23%
C. Agreement with unlawful object
9%
D. Agreement to commit fraud
❤1
The maximum permissible discount on reissue of forfeited shares equals:
Anonymous Quiz
15%
A. Face Value
27%
B. Called-up Amount
54%
C. Amount Forfeited
4%
D. Nominal Value
❤1
Which reserve cannot be capitalised for Bonus Shares?
Anonymous Quiz
22%
A. Capital Redemption Reserve
9%
B. Free Reserves
56%
C. Revaluation Reserve
13%
D. Securities Premium (where permitted)
❤1
The cornerstone of Insider Trading liability is:
Anonymous Quiz
16%
A. Profit Earned
15%
B. Trading Volume
64%
C. Possession of UPSI
5%
D. Shareholding
❤1