Answer / malaypota

There is no provision in the Companies Act that how many
EGM be convened in a Financial year.So as and when
requirement is arised for members's consent for
transacting business, and if, it is not possible to have
members's consent by way of postal ballot process under
saction 192A of the Companies Act to transact the business
and it is also not possible to wait up to the next AGM in
such case there may be any numbers of EGM may be called by
a company keeping in view other requirement of the
Companies Act like length of notice for EGM shotrt Notice
for EGM etc.This is my view

Answer / mahendra rajput

It is not provided in the Law that how many times the EGM
would be done, it is to be held as and when required in a year.

Answer / shiv

There is no provision in companies act to hold the EGM in a year its depends upon the requirements arise in the normal course of company business. there may be a meeting or may not be any one in an year.

what is book building?

4 Answers  

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Benjamin O'Henry has owned and operated O'Henry's Data Services since its beginning ten years ago. From all appearances, the business has prospered. In the past few years, you have become friends with O'Henry and his wife. Recently, O'Henry mentioned that he has lost his zest for the business and would consider selling it for the right price. You are interested in buying this business, and you obtain its most recent monthly unadjusted trial balance which follows: O'Henry's Data Services Unadjusted Trial Balance November 30, 20XX Cash……………………………… $9,700 Accounts receivable……………………… 7,900 Prepaid expenses………… 2,600 Furniture, fixtures, & equipment 151,300 Accumulated depreciation $15,600 Accounts payable………… 3,800 Salary payable……………… Unearned service revenue 6,700 Benjamin O'Henry, capital 137,400 Benjamin O'Henry, withdrawals 2,000 Service revenue………… 14,300 Rent expense…………… Salary expense………… 3,400 Utilities expense……… 900 Depreciation expense Supplies expense…… Total…………………………………………. $177,800 $177,800 Revenues and expenses vary little from month to month, and November is a typical month. Your investigation reveals that the unadjusted trial balance does not include the effects of monthly revenues of $2,100 and monthly expenses totaling $2,750. If you were to buy O'Henry's Data Services, you would hire a manager who would require a monthly salary of $3,000. The most you would pay for the business is 20 times the monthly net income you could expect to earn from it. Compute this possible price. The least O'Henry will take for the business is his ending capital. Compute this amount. Under these conditions, how much should you offer O'Henry? Give your reason. I have the mathimatical part ok , please give reasons on how much and why I they would offer him the amount.

3 Answers  

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analyses of Cost control

1 Answers  

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How do you annalyse the Goodwill value of the Company ?? does the net worth value is the same as Goodwill value or wht ??

1 Answers   Wipro,

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I want to know that , If we called a person for one day for drive our company van or any other purpose. so how it will accounted in our (i.e companies) Books of accounts....

1 Answers  

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In the case of Internal Reconstruction of company Accrued Int. On debenture / Outstanding int. On debenture transfer or not in capital reduction a/c . Explain

1 Answers  

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what is correct accounting treatment for preliminary exps and pre-operative Expsas per AS 26? or any other applicable AS?

1 Answers  

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If you have a charitable parent company, limited by guarantee, and a trading subsidiary, which is also a company, which accounts will have to be prepared for the parent company?

1 Answers  

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what is mean by tax holiday?

1 Answers   BCL,

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If you have a charitable company, limited by guarantee, and a trading subsidiary, which is also a company, how do you consolidate the accounts?

1 Answers  

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please tell me about Advance Bank Gurantee & Performance Bank Gurantee

3 Answers   TATA,

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what is mergers and acqusitions? what is holding company?

2 Answers   Brigade,

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