Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Group Accounts:
S.150(1) provides that if, at the end of its financial year, a company has subsidiaries, then it must include in its annual accounts "group accounts" dealing with the affairs of the subsidiaries as well.
By s.150(2)(b) group accounts need not deal with a subsidiary of the company if the company's directors are of opinion that -
i. it is impracticable, or would be of no real value to the members of the company, there in view of the irrelevant amounts concerned, or would engage expense or delay out of proportion to the value to members of the company; or
ii. the result would be misleading; or
iii. the result would be injurious to the business of the company or whichever of its subsidiaries; or
iv. the business of the holding company and that of the auxiliary are so different that they cannot reasonably be treated as a single undertaking.
The approval of the registrar shall be utilized for not dealing in group accounts with a subsidiary on grounds (iii) or (iv).
Relationship of Partners Inter Se Whether various terms are in utilize to denote the different specification of partners. Then the most central of these terms are like: (
a) Two family businesses are competing in the same industry, and have been bitter rivals since their early days. The feud eventually extended into the personal lives of each famil
Change of Name: A company's name may be changed voluntarily or compulsorily (a) Voluntary Change A company's name may be changed voluntarily: i. Under s.2.1 if a sp
Formation and Partners - Partnership Law However the Partnership Act does not prescribe rules to the formation of a partnership. Therefore a partnership may be formed like:
Judicial elucidation of Acts: In fact the other points to be noted in relation to judicial elucidation of Acts are as follows: like; (a) There is no clause of an Act is t
Legal Personality and Natural Persons Legal Personality Therefore from a legal point of view there a person is anything that the laws of a particular country recognize
The Doctrine of 'Ultra Vires': The doctrine of ultra vires is a legal rule that was articulated by the House of Lords in the case of Ashbury Rail, Car
An employee at the supermarket you manage mopped one of the aisles in the store and placed signs at the ends of the aisle to warn people not to use the aisle until the floor dried.
Warranties - Terms of a Contract However there is no precise legal definition of such "warranty" that in legal nomenclature, where is susceptible for a variety of interpretati
Exceptions of Merger accounting: S.56 (1) permits a company to give financial assistance for a purchase of, or subscription for, its shares in the following circumstances:
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd