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Parties to a negotiable instrument can be discharged from liability by
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Person named in the instrument to whom money is directed to be paid is known as
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*Financial Management* CA Inter May23
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3 171
Where there is a change in the rights of one class of shareholders of a company that also affects the rights of another class therein, then:
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The time limit within which a copy of the contract for the payment of underwriting commission is required to be delivered to the Registrar is:
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In case of ‘offer of sale of shares by certain members of the company’, which of the following options is applicable:
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Commission is permitted to be paid to any underwriter by the company only in respect of an offer of securities:
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The amount that an unlisted public company is required to maintain as security deposit, at all times, with the respective depository when it dematerializes its securities shall be
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XYZ Ltd. incurred capital expenditure of INR 1,50,000 on 1.4.2018 for acquisition of patents and copyrights. Such expenditure is-
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Mr. X, a retailer acquired furniture on 10th May 2018 for INR 10,000 in cash and on 15th May 2018, for INR 15,000 and INR 20,000 by a bearer cheque and account payee cheque respectively. Depreciation allowable for
A.Y 2019-20 would be-
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A Ltd. has unabsorbed depreciation of INR 4,50,000 for the P.Y 2018 -19. This can be carried forward-
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An electricity company charging depreciation on SLM on each asset separately sells one of its machinery in April, 2018 at INR 1,20,000. The WDV of the machinery at the beginning of the year i.e. on 1st April 2018 is INR 1,35,000.
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An Assessee uses plant and machinery for the purpose of carrying on his business under section 31. He shall be eligible for deduction on account of
