CA Study Social

Roma along with her six friends has incorporated Roma Trading Ltd. in
May 2019. The paid-up share capital of the company is ` 30 lacs.
Further, in April 2020, she noticed that in the last financial year, the
turnover of the company was well below ` 2 crores. Advise whether the
company can be treated as a ‘small company’.

(a) Roma Tra…Read More

You are a Whole Time Director of Choco-chips Private Limited and wishes
to appoint Mr. Vanilla Sequera as its Managing Director who has attained
the age of 72 years. However, the Board has got to know about the fact
that no company shall appoint or continue the employment of any person
as Managing Director, Whole-Time Director or Manager…Read More