Mr. A earned a income from unknown sources and deposited in spouse bank account. Whether it is benami transaction ?
Anonymous Quiz
13%
No, as bank account is of spouse
84%
Yes it is benami transaction
3%
Depend on decision of AA
Guarantee under import can be provided by AD for the importer other than PSU upto an amount of ?
Anonymous Quiz
40%
Rs. 5 lacs
27%
$ 1 lacs
12%
Rs. 1 lacs
22%
$ 5 lacs
GST payable to the Central/State Government is
Anonymous Quiz
23%
Financial Debt
69%
Operational Debt
4%
Insolvency Cost
4%
Liquidation Cost
Subscription money for purchase of shares is ?
Anonymous Quiz
53%
Financial Debt
11%
Operational Debt
4%
Both
33%
None of the above
Mr.A as Financial Creditor gave the name of TVA, a partnership firm as IP. NCLT rejected the application of Mr.A. Whether NCLT is correct ?
Anonymous Quiz
28%
No, as FC can give the name of IP
57%
Yes, NCLT is correct as TVA cannot become IP
8%
No, Mr. A must file Appeal to NCLAT
7%
No, Mr. A must file appeal to IBBI
Maximum limit for completion of CIRP under IBC,2016 ?
Anonymous Quiz
10%
180 days
3%
270 days
82%
330 days
5%
365 days
Time limit for deferral payment arrangements in case of Import under FEMA,1999 ?
Anonymous Quiz
44%
3 years
49%
5 years
5%
7 years
1%
10 years
Application for extension of period under CIRP to be filed by ?
Anonymous Quiz
9%
Resolutional Applicant
81%
Resolutional Professional
2%
NCLT
8%
Creditors
Minor Improvement in project required approval of
Anonymous Quiz
41%
2/3rd of the allottees
1%
1/3rd of the allottees
3%
3/4th of the allottees
54%
None of the above
Time limit for allottees to take physical possession of apartment from completion certificate under RERA 2016 ?
Anonymous Quiz
21%
3 months
64%
2 months
5%
6 months
10%
None of the above
Amount withdrawn from the separate account of project after certified by?
Anonymous Quiz
5%
Engineer and Architect
30%
Engineer or Architect or CA in practice
62%
Engineer and Architect and CA in practice
3%
Only Architect
Which Capital Account transaction is allowed ?
Anonymous Quiz
13%
Trading in TDR
6%
Plantation act. or agriculture act.
43%
Chit fund on non- repatriation basis
38%
Foreign visit
Alteration of assets and liabilites outside India of PROI would be considered as Capital Account Transaction under FEMA,1999 ?
Anonymous Quiz
23%
Yes, it is capital account transaction
5%
No, it is current account transaction
60%
No, it is not capital account transaction
11%
Yes, as there is alteration of assets and liabilities
Percentage of approval required from COC for Liquidation of Corporate Debtor under CIRP ?
Anonymous Quiz
6%
51% after approval of plan
42%
66% after approval of plan
4%
51% before approval of plan
48%
66% before approval of plan
Who can become Insolvency Professional ?
Anonymous Quiz
1%
Minor
16%
PROI
0%
Unsound mind
83%
None of the above
When transaction cannot be said benami
Anonymous Quiz
40%
if person deposit old currency for exchange of new currency
47%
individual held property in joint name with grand children and consideration paid by individual
8%
company raising share capital through fictious person
6%
person taken loan and not able to proove genuity of lender
Time period to be given by NCLT for rectification of mistake in the application filed for initiation of CIRP ?
Anonymous Quiz
23%
14 days
68%
7 days
7%
21 days
2%
3 days
Foreign exchange purchased by PRI from AD remains unspent to be surrendered to AD within ?
Anonymous Quiz
17%
60 days
22%
90 days
11%
120 days
50%
180 days
Under IBC, 2016, Resolution Professional
Anonymous Quiz
1%
Cannot be replaced once appointed
2%
Can be replaced after 180 days
97%
Can be replaced after approval of 66%of COC
0%
Can be replaced after 330 days
What is not mandatory for Operational Creditor for initiation of CIRP ?
Anonymous Quiz
8%
No existence of dispute
7%
Proof of default
77%
Proposing name of IRP
8%
sending demand notice or Invoice to debtor
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And
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And
Thankyou for 1k subscribers😊
God bless you all🙏