National Income MCQ – CSEET Economics

1. which one of the following is the most appropriate method to measure the economic growth of a country ? a. National Incomeb.net National product C.. Gross capitalformation d. Gross domesticproduct. Ans D 2. which of the following situation prepares the national income estimates in India? a. planning commission b. RBI c . central Statistical…

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National Income MCQs – CSEET Economics

CSEETMCQS NATIONAL INCOME ————-is a index of price changes of goods and services included in GDPa. GDP inflatorb. GDP deflatorc. GDP acceleratord. GDP decelaratorAns A .—————means the actual income, which can be spend on consumption by individuals and familiesa) Personal disposable incomeb) Per capita incomec) Net national incomed) Gross national incomeAns A Which of the…

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Supply and demand – MCQ CSEET Economics

Economics CSEET Supply and demand MCQs If the computer increases and all other factors remain unchanged, it will be reasonable to expect. An increase in the quality of computers demanded An increase in the demand for computers A decrease in the demand for computers A decrease in the quality of computers demanded. Ans d Demand…

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Economics Demand and supply -CSEET

I Demand price is identical with a. AR b. TR c. MR d. All of these ans-a 2. Demand curve is a Dynamic concept b. neutral concept c quantity concept d. minimum concept Ans.c 3. which is correct a. An increase in demand is just equal to the extension of demand b. An increase in…

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Section 185 of Companies Act 2013 – Loans to Directors

First of all we need to understand that the Companies Act 1956 had much liberalised structure  for providing loans to directors. Companies used to borrow funds and pass them to subsidiaries as intercorporate loans, but there was visible compliances issues when it comes to compliance with the terms of loan agreement. Section 185 of the…

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RBI monetary Policy highlights-CSEET/Cscexecutive

The Reserve Bank of india was established as the central Bank of India to regulate the issue of bank notes and to keep reserves to secure monetary stability. The Reserve Banke operate fal currency and credit system. It also formulates the modern monetary policy tramework to face the challenges of growing economy. The chief aim…

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Current affairs CSEET September 2020

RBL Bank has partnered with Empays Payment Systems to launch a cardless cash withdrawal facility from ATMs by leveraging the Instant Money Transfer (IMT) system.  The Reserve Bank of India has issued a notification to all banks on September 03, 2020 stating that “Aditya Birla Idea Payments Bank Limited” has ceased to be a banking…

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legal aptitude Contract Act CSEET MCQ

Q.1. Where a promisor has made an offer of performance to the promisee and the offer has not been accepted: A The promisor is responsible for non-performance, but he does not lose his rights under the contract B The promisor is not responsible for non-performance, nor does he thereby lose his rights under the contract…

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Market Structures – CSEET Economics MCQ

1.         Which of the following statements is true for both monopolistically competitive and oligopolistic industries? A)        It is impossible for new firms to enter the industries. B)        Collusion and the creation of cartels is common. C)        Producers cannot benefit from knowing other firms’ plans. D)        Firms have some degree of control over prices. 2.         Which…

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Companies (Amendment) Act, 2020 – important provisions

Ease of doing business is one of the important aspect for increasing entrepreneurship.  For the purpose of updating the entire company law, Dr JJ Irani committee is formed and a modern company law is enacted as Companies Act 2013.  There were amendments happened over years, for updating and upgrading the company law into dynamic environment.  The Government has…

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Type of writs – CSEET

Meaning of Writs A writ, in general sense means an order. In other words, a writ is a formal written order issued by a body with administrative or judicial jurisdiction. A writ is anything that is issued under an authority. Examples of writs are orders, warrants, directions etc. issued under authority. It can also be…

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BASICS OF DEMAND AND SUPPLY- CSEET MCQ

1. If supply for product A is perfectly elastic, the demand for this product increases: A. the equilibrium price and quantity will increase; B. the equilibrium price and quantity will decrease; C. the equilibrium quantity will increase but the price will not change; D. the equilibrium price will increase but the quantity will not change.…

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National Income MCQs – CSEET

1.         Which statement is true? A.Nationl Expenditure = National income    B.Nationl Expenditure = National income + National savings C.Nationl Expenditure = National income + Taxes  D.Nationl Expenditure = National income – Taxes Answer: Option A 2.         Which statement is true? A.National Income = National expenditure – indirect taxes B.NI = GNP – NNP…

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Time gap between two AGMS – can it exceed 15 months? CS Executive

Annual general meeting is one of the important annual event in the life of a company. This also is an annual requirement as per law. Section 96 of the Companies Act 2013 says that every company other than One Person Company Shall in each year, hold a General meeting as its annual general meeting or…

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UDIN – Unique Document Identification Number

ABOUT UDIN  The Unique Document Identification Number as governed by theUDIN Guidelines shall verify the authenticity of various documents signed or certified by Company Secretaries in Practice. As per the UDIN Guidelines, a unique number for the identification of every document attested by practicing company secretaries shall be generated at the time of signing the Certificate/ Report…

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eCSIN: The Employee Company Secretary Identification Number-CS Executive

eCSIN: The Employee Company Secretary Identification Number.  e-CSIN is a system-generated unique number for identification of the Company Secretaries employed in a particular company which shall be generated by the Company Secretary at the time of employment as a Company Secretary or otherwise, as well as at the time of demitting office in any manner. …

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Current affairs August 2020 – CSEET

Rajeev’s ArthaCS is one of the leading Company Secretary Coaching institute in South India. The unique feature of ArthaCS is that we are the dedicated CS coaching centre run by CS. This is our monthly bulletin of current affairs from finance field and will be very helpful for all types of students and professionals. •…

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National Income MCQs – CSEET

The difference between value of output and value added is: (a)    Depreciation (b)    Intermediate consumption (c)     Net indirect taxes (d)    NFIA Ans. (b) Intermediate consumption 2. Product method of calculating national income is also known as: (a)    Income method (b)    Value added method (c)     Expenditure method (d)    Distribution method Ans : (b) Value added method…

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Economics- taxation and international organisation MCQS for CSEET

1.when we Consider the following statements related to GST bill, which of the statements are true 1. The Centre will have one third weight in the GST Council while the states will have the remaining two-thirds and decisions will have to be passed with 75% vote. 2. Petroleum and Alcohol is excluded from GST a)…

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Economics National Income – MCQs – CSEET

In India Financial year is from …………………….. a. April 1 to March 31 b. January 1 to December 31 c. March 1 to April 30 d. March 16 to March 15 ANSWER: a. April 1 to March 31 National income is calculated for a specific period of time. In India, it is calculated for April…

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The Top 101 Indian Business people and entrepreneurs from India – CSEET

The Top 101 Indian Business people and entrepreneurs Adi Godrej – Chairman of the Godrej group and the second richest Parsi in the world. Aditya Vikram Birla – Former Chairperson of the Birla Group. Among the first Indians to expand his business abroad. Ajay Piramal – Head honcho of the Piramal Group of Industries. Piramal Group has a tremendous…

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Top 7 business personalities – CSEET

Mukesh Ambani Mukesh Dhirubhai Ambani (born 19 April 1957) is an Indian billionaire business magnate, and the chairman, managing director. and largest shareholder of Reliance Industries Ltd. (RIL), a Fortune Global 500  company and Indias most valuable company by market value. He is the richest man in Asia and the 2nd richest person in the world…

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International and national affairs – CSEET

1. The International Monetary Fund (IMF) is an organization of 189 countries. 2. Headquarters OF IMF is in Washington, D.C. 3. The largest borrowers : Argentina, Ukraine, Greece, Egypt. 4. The largest precautionary loans : Mexico, Colombia, Morocco. 5. IMF expects India’s growth rate to shoot up from 4.8% to 5.8% in 2020-21. 6. The…

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Office circular – CSEET

What is Circular Letter or, Meaning of Circular Letter or, definition of circular letter -A letter that circulates or announces the some information or message to a large number of people at a time is called a circular letter or a circular. when it is used for external communication for conveying messages to customers and…

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Memo or Memorandum in business- CSEET

In a short sense, memo is a written message from one person to another person within the same organization. Office memo is the short form of memorandum. The literal meaning of the word memorandum is a note to assist the memory. Memorandum is singular in number. Its plural forms are memorandums or memoranda. According to Oxford…

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CSEET Current affairs – Legal and other affairs MCQs

The Supreme Court of India is the highest judicial court and the final court of appeal . India is a federal State with three tier structure, i.e. Supreme Court, High Courts and Subordinate Courts. As per Indian constitution there should be Supreme Court of India constituting of chief justice of India and until parliament by law prescribes a large number of not more than 7 other judges. After amendment the judicial strength of Supreme Court judges increased to 34 from…

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Important government initiatives and Union Budget 2020 – CSEET 2020

1. Vivad se  Vishwas’ scheme – ‘Vivad se Vishwas’ scheme, a taxpayer would be required to pay only the amount       of     the  disputed  taxes  and  will  get  complete  waiver  of  interest  and   penalty ,  provided he  pays by  31st  March ,   2020. 2. Kisan Maan Dhan Yojana – The Scheme shall secure   the lives of …

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Current Affairs (Paper-4) – CSEET Important

1. G-20 summit 2019 was held in which of the following country? a) Japan b) India c) China d) Saudi Arabia 2. Who is the current Chief Minister of Madhya Pradesh? a) Kamal Nath b) Digvijaya Singh c) JyotiradityaScindia d) Shivraj Singh Chouhan 3. The legislative assembly of which among the following states has become…

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Economic and Business Environment (Paper-3) – CSEET important MCQs

1. According to _____________, other things being equal, if price of commodity falls, the quantity demanded of it will rise, and if price of commodity rises, its quantity will decline. a) Law of Demand b) Law of Supply c) Law of Diminishing Marginal Utility d) Law of Increasing Marginal Utility 2. When a small change…

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Current affairs political – CSEET

1. Yes Bank’s Reconstruction Scheme – SBI and other investors have expressed interest in making investment in YES bank and participate in rescue plan. 2. Prashant kumar was appointed as new CEO and MD of YES bank. (Who is former CFO / Deputy MD of SBI ). 3. The RBI conducted financial literacy week from…

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Current Affairs- CSEET IMPORTANT

1. The   Reserve   Bank  of  India  was  established  on  April 1, 1935 . 2. The   Central Office  of  the Reserve Bank  was  initially established  in  Calcutta later shifted permanently to Mumbai in 1937. 3. On formation RBI was a privately owned and it was nationalized in 1945. 4. Now RBI is wholly owned by government…

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Legal Aptitude and logical reasoning Important MCQs – CSEET

Legal Aptitude and Logical Reasoning (Paper – 2) 1. Article _______of Indian Constitution discusses the concept of Right to equality. a) Article 5 b) Article 11 c) Article 12 d) Article 14 2. Which Article is related with “Abolition of Untouchability”? a) Article 20 b) Article 19 c) Article 18 d) Article 17 3. Which…

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Business Communication MCQs – Important for CSEET

Business Communication (Paper-1)  1. The struggle for justice brings………….. the best of moral qualities in men. a) Forward b) About c) In d) Out 2. Give Synonym for the following word: Pensive a) Sad b) Thoughtful c) Tormenting d) Affectionate 3. Give Antonyms for the following word: Startled  a) Amused  b) Relaxed c) Endless  d)…

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Companies (Amendment) Act, 2020 – CS Executive

To give more practical aspect to the Companies Act, Government has introduced the  Companies (Amendment) Bill, 2020 , Bill NO 88 of 2020, in Lok Sabha.  This was in furtherance to the CLC committee report submitted in November, 2019. There are in total 66 section amended as per the bill. Government has introduced The Companies…

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Top 20 Richest persons in the world – CSEET

As per the estimation made by Forbes on March 18, 2020, there are 2095 Billionaires in the world.  Major portion of the billionaires are from USA and China is on second spot. Indian stands on fourth position with 102 billionaires and one step ahead is Germany with 107 billionaires. First four positions completed. More than half…

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10 Richest Women in the World 2020

1. Alice Walton Net Worth: $54.4 Billion Source of Wealth: Walmart Country: United States She is the only daughter of the founder of Walmart Sam Walton. She focused on curating art, rather than working for Walmart like her brothers Rob and Jim. She opened the Crystal Bridges Museum of American Art in 2011 in her…

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Business Communication – Professional Communication Part 2- CSEET

1. Quotations are letters of enquiry. a) True b) False Answer: a Explanation: The statement is true. Quotations are letters of enquiry in which an organisation or an individual asks another organisation or individual to quote its or his rates and terms of payment for the goods intended to be purchased. 2. Where is the…

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Business communication – professional communication MCQs- CSEET

1. Social letters include ______ letters a) friendly b) business c) formal d) order Answer: a Explanation: Broadly, letters can be divided into two types. They are social letters and business letters. Social letters include friendly letters and invitation letters. 2. Which of these is not a type of letter? a) Friendly b) Business c)…

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Business communication MCQs related to email – CSEET

1. Which of these is not a medium for e-mail? a) Intranet b) Internet c) Extranet d) Paper Answer: d Explanation: E-mail and websites are transmitted through Intranet, Internet and extranet. Everything has gone electronic way. 2. Which of these defined the internet? a) The Federal Networking Council b) The Federal Network Council c) The…

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Business Personalities – CSEET

When we talk about business leaders, we usually try to dig the history books and name many. But the reality is that there are many who are really changing the present world for the future both the society and economy. 1) Tim Cook Tim Cook is the CEO of Apple, having taken over the company…

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Current Affairs July 2020 – CSEET

MoU signed between Indian oil, NTPC Ltd, and SDMC for Waste to Energy plant in Delhi. IIT Madras launches world’s first online BSc degree in Programming and Data Science Intel Capital Invests Rs 1894.50 crore in Jio Platforms for 0.39% share.  World Bank enhances support for rejuvenating Ganga, sanctions USD 400 mn PM Modi to…

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Current Affairs June – CSEET

Govt launches SWADES scheme for jobs to returning Indians from abroad Govt launches “TULIP” portal to provide internships to graduates, engineers  Forbes highest-paid celebrities: Kylie Jenner tops, Akshay Kumar (Rank 52) only Indian on the list  Power Minister launches the ‘#iCommit’ initiative on World Environment Day Yes Bank acquires 24.19% stake in Dish TV •…

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Current Affairs May 2020 – CSEET

India 53rd in budget transparency, accountability in IBP survey (Top- New Zealand) AIIA organises “AYURAKSHA” programme was organized for Delhi Police Ramayan On Doordarshan Creates World Record As The Highest Viewed Entertainment Program Globally Kashmiri Saffron Gets GI Tag Ravi Shankar Prasad attended an extraordinary virtual ‘G20 Digital Economy Ministers’ meet HP govt to launch…

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Current affairs April 2020 – CSEET

•           Utkal Diwas or Odisha day is observed on 1 April •           Covid-19 battle: World Bank offers $1bn for proposed India project •           Government launches Covid-19 tracking app Aarogya Setu •           Odisha government, UNICEF launch ‘Mo Prativa’ to engage young minds amid    COVID-19 lockdown •           Cabinet reduces salaries of MPs by 30% for a year,…

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Current affairs Business – CSEET

Airtel Payments Bank partnered with this insurance company to offer “Smart Plan Shop Package Policy”. A. Bajaj Allianz General InsuranceB. Bharti AXA General InsuranceC. TATA AIG Insurance CompanyD. HDFC ERGO General Insurance CompanyAnswer: Option B Explanation: Airtel Payments Bank has entered into a partnership with Bharti AXA General Insurance to offer the latter’s affordable and…

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logical Reasoning – Blood relations CSEET

Blood Relations questions are delivered with accurate answer. For solving each and every question, very lucid explanations are provided with diagrams wherever necessary. Practice in advance of similar questions on Blood Relations may improve your performance in the real Exams and Interview. Time Management for answering the Blood Relations questions quickly is foremost important for…

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CSEET Current Affairs – Summits

G7 SUMMIT G7 Introduced in 1975 with worlds six leading Industrial nations~ UK, US, France, Germany, Japan, Italy and Canada joined 1976. It become G8 in 1998 when Russia joined group but suspended in 2014. Group regards as “a community of values’ , with freedom and human rights, democracy and rule of laws, and prosperity…

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Accounting Standards – AS 3

AS 3 –  Cash Flow Statements Companies Act 2013 has clearly mentioned what is a financial statement in respect of a company registered under the act.  The act says that the following are considered as financial statements i. Balance sheet ii. Profit and loss account / Income and expenditure account iii. Cash flow statement iv. Statement…

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Current Affairs CSEET – Organisations of importance

Securities and Exchange Board of India (SEBI) SEBI was established on April 12, 1992 in accordance with the provisions of Securities and Exchange Board of India Act, 1992. Basic function of SEBI ‘to protect the interests of investors in securities and to promote the development of, and to regulate the securities market and for matters…

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CURRENT AFFAIRS CSEET – FINANCIAL INSTITUTIONS

G-20 – Group of Twenty G-20 stands for Group of Twenty is the premier international forum for global economic cooperation. The members of the G-20 are Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, United Kingdom, United States and European Nation. G20…

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HOW TO ATTEMPT COMMENT BASED QUESTION?

   To be on the topic, the answer is that , there is no specific way you should answer comment based question. But still from the experience we can say the most advisable way of answering. Comment based questions are questions containing a statement and the student need to analyse the statement and put up…

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FDI, FPI and FII – the difference

Foreign Investments In a globalised world and liberalised economy the growth of any market is decided by the way in which it enables movement of capital from one market to another. Any investment that flows  to one country from any other country is known as foreign investment. The flow of funds form cash rich or…

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ACCOUNTING STANDARD – 2

ACCOUNTING STANDARD – 2 “Valuation of inventories” Introduction AS -2 (Revised) ‘Valuation of Inventories; provides complete guidance for determining the value at which inventories, are carried in the financial statements until related revenues are recognized. It also provides guidance on the cost formulas that are used to assign costs to inventories and any write-down thereof…

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Current Affairs – CSEET short notes

IMF. — International Monetary Fund It comprises of 189 countries It was created In 1945 Its executive board comprises of 24 directors each representing single country or group of countries. It has its headquarter in Washington, D.C. Its Aims – Promotion of international monetary cooperation – Promotion of exchange stability – It facilitates expansion and…

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Various Institutions and Regulatory authorities in India – CSEET Revision

(1) NITI Ayog It is a new mink tank to replace planning commission. Government of India has replaced the old planning commission started in 1950 with new institution called NITI Aayog on 1st January2015. It works under the chairmanship of Prime minister. NITI Aayog (National Institution for Transforming India) will seek to provide a critical direction…

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5 Communication Skills You should understand and taken care of.

Communication is one of the very important quality a person should have to be successful in their personal or professional life. Many persons fail just because they cannot communicate well, even if they are very good in theoretical or academic knowledge. There are hundreds of different communication skills a person need to possess, but here we will…

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Communication MCQs for CSEET – Exercises

1) How can people use verbal communication? a. Verbal communication is any words used during face to face contact b. Verbal communication can happen face to face, telephone, skype c. Verbal communication is the use of words but not sounds d. Verbal communication is any words either spoken or written but does not include body…

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Presentation and communication skills – CSEET exercises

1) How many ways are there to communicate? a. 1 b. 2 c. 3 d. 4 e. 5 2) What is Verbal Communication? a. Talking to someone b. When someone is talking and someone else is listening c. When more than one person is talking d. Using verbal noises to show you are listening like…

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CS EXECUTIVE Accounting Standard – 1

AS 1 —Disclosure of accounting policies It deals with the disclosures of significant accounting policies followed in preparation and presentation of financial statements. It covers Fundamental Accounting Assumptions Accounting policies Fundamental Accounting Assumptions These assumptions underlie the preparation and presentation of financial statements. Accounting Policies Accounting policies means the specific accounting principles and the methods…

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PRESENTATION SKILLS BASICS MCQS – CSEET

TRUE OR FALSE (A) If the tone of the voice and body language are negative the communication will pass.                 (B) Semantic barriers mean that different words may have different meaning in different cultures.  (C) Correct choice of channel is one of the main barriers to communication. (1)TFT                                  (2)FTF                     (3)FFF             (4) TTT                  2. the semantic…

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Basic presentation skills MCQ – CSEET

This is a sample Multiple Choice Questions for the basic understanding of presentation skills. Communication is a non stop______________. (A) paper    (B) process          (C) programme      (D) plan 2. Communication is a part of ________ skills. (A) soft          (B) hard               (C) rough                (D) short 3. The _______________ is the person who transmits the message. (A) receiver                          …

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Securities Market – Is it dangerous?

Securities market is one of such term which might have heard but not understood by many. While travelling across and speaking about capital market, most of the people looks confused. They really feel this type of market is very dangerous for the ordinary investors and only experts can venture into it. Many of the people…

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Current affairs Exercises for CSEET

Q1. PM Modi has recently announced the “My Life, My Yoga” Video Blogging Contest. The program will be jointly organised by Ministry of AYUSH and__________? Answer: Indian Council for Cultural Relations Prime Minister of India, Shri Narendra Modi, has called upon each and every individual at national and international level to participate in the “My…

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Right issue and compliances for CS

Share capital is the principal method by which a company raises funds for a very long term without any burden of repayment or returns. For an existing company there are two ways primarily they can raise funds without going to new share holders, that means without diluting the powers of existing shareholders. Right issues Bonus…

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Annual reporting for One Person Company as per Companies Act, 2013

Whenever we talk about business, one of the most accepted form of business in sole proprietorship. Of course we have many other form of business like company, partnership, LLP etc but sole proprietor ship is looked on as a model where there is high control and no distribution of dividend. These benefits came with many…

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Companies Fresh Start Scheme -CFSS 2020

Any type of registered organisations are obliged to comply with several regulatory guidelines and documentary compliances. In the case of company form of organisation also the compliance requirements are very high like annual returns, financial statements filings, books of accounts and other business related documents or statements as required by the government. There are situations…

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Clock logical reasoning – CSEET

Introduction The hands of a clock can have a maximum angle of 180o between them. When this happens, both the hands represent a straight line. The hands of a clock make right angles twice every hour when they are 15 minutes away from each other. The two hands of a clock coincide once in every…

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Calendar Reasoning Question with Answers – CSEET

Calendar Reasoning Question with Answers Q.1. January 1, 2007, was Monday. What day will be on Jan. 1, 2008? Solution: The year 2007 is an ordinary year. So, it has 1 odd day. 1st day of the year 2007 was Monday. 1st day of the year 2008 will be 1 day beyond Monday. Hence, it will…

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Calendar Test – CSEET

Calendar Test One of such topic that needs the immense amount of practice is calendar test related problems. Although the frequency of this question is less in exams they are of equal importance. If you have learned the basics of these questions then it will be easy for you to solve it.  Important concepts and…

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New income tax regime and old – an analysis for individuals

The Union Budget 2020 has provided for a entirely new income tax system for individual tax payers. This is in line with the support offered by the government to corporate tax payers. The old income tax regime provided for compulsory investments in specified securities to save tax. Most of such investments are with a rider…

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Director Remuneration and GST

Goods and Service Tax brought out substantial changes to tax regime but faced many controversies. GST laws have created many confusions which lead to controversies later.  Directors remuneration was one of the non controversial subjects in the taxation regime. Two recent advance ruling made by two states like, Rajasthan and Karnataka created lot of confusion…

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Mini Constitution – 42nd Constitutional Amendment

The 42nd amendment to Constitution of India is also known as Mini Constitution, as this amendment has most of the provisions amended and got some articles added. The 42nd amendment to Constitution of India, officially known as The Constitution (Forty-second amendment) Act, 1976, was enacted during the Emergency (25 June 1975 – 21 March 1977) by the Indian National Congress government…

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Secretarial Standard-2(SS – 2)

SS – 2 SECRETARIAL STANDARD ONGENERAL MEETINGS SCOPE This Standard is applicable to all types of General Meetings of all companies incorporated under the Act except One Person Company (OPC) and class or classes of companies which are exempted by the Central Government through notification. The principles enunciated in this Standard for General Meetings of…

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Secretarial Standard-1 (SS-1)

SECRETARIAL STANDARDONMEETINGS OF THE BOARD OF DIRECTORS SS -1 This Standard is applicable to the Meetings of Board of Directors of all companies incorporated under the Act except One Person Company (OPC) in which there is only one Director on its Board and a company licensed under Section 8 of the Companies Act, 2013 or…

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LLP meaning and incorporation

Meaning and Concept of LLP Partnerships are one of the oldest form of business. It is evolved much before company form of business is evolved. Partnerships are formed under Partnership Act, 1932, under which registration of partnerships are optional.  According to the act the partners have unlimited liability and no perpetual succession. Unless otherwise expressly provided, the…

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CS PROFESSIONAL ELECTIVE 5 – INTERNATIONAL BUSINESS – LAWS AND PRACTICES

MODULE 3 ELECTIVE PAPER 5 INTERNATIONAL BUSINESS – LAWS AND PRACTICES  Introduction International Business – Nature and Scope, Globalization – Meaning, Levels, Merits, Limitations and irreversibility of Globalization Need to go global Internationalisation Decisions (entry modes) SEZ features International Business Environment Meaning of Environment Dimensions – PEST to STEEPLE Internal Environment and External Environment SWOT…

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CS PROFESSIONAL ELECTIVE 4 – INTELLECTUAL PROPERTY RIGHTS – LAW AND PRACTICE

MODULE 3 ELECTIVE PAPER 4 INTELLECTUAL PROPERTY RIGHTS – LAW AND PRACTICE Introduction Meaning, Relevance, Business Impact, Protection of Intellectual Property Copyrights, Trademarks, Patents, Designs, Utility Models, Trade Secrets and Geographical Indications Bio-diversity and IPR Competing Rationales for Protection of Intellectual Property Rights Introduction to the leading International Instruments concerning Intellectual Property Rights: the Berne…

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CS PROFESSIONAL ELECTIVE 3 – INSURANCE – LAW AND PRACTICE

MODULE 3 ELECTIVE PAPER 3 INSURANCE – LAW AND PRACTICE Understanding and Managing Risk Risk Management – Perils – Nature – Risk Analysis – Planning – Control – Mechanism for Transfer of risk – Insurance and Reinsurance General Principles and Concepts of Insurance Insurable Interest – Indemnity – Uberrimae fidei – Proximate Cause – Subrogation…

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CS PROFESSIONAL ELECTIVE 2 – CAPITAL, COMMODITY & MONEY MARKET

MODULE 3 ELECTIVE PAPER 2 CAPITAL, COMMODITY & MONEY MARKET Economic Framework Basic structure of Flow of funds in the economy; Capital Markets its Role in Capital formation, Functions of Liquidity, Resource Allocation and Transaction Cost-reduction Legal Framework Ministry of Finance (Capital Markets Division, Department of Economic Affairs) Ministry of Corporate Affairs Companies Act, 1956 SEBI…

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CS PROFESSIONAL- ELECTIVE 1 – BANKING LAW AND PRACTICE

MODULE 3 ELECTIVE PAPER 1 BANKING LAW AND PRACTICE  Regulatory Framework and Compliances A. Provisions of RBI Act 1935, Banking Regulation Act 1949, Prevention of Money Laundering Act, 2002
B. Government and RBI’s Powers Opening of New Banks and Branch Licensing Constitution of Board of Directors and their Rights Banks Share Holders and their Rights CRR…

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CS Professional – DRAFTING, APPEARANCES AND PLEADINGS

MODULE 3 PAPER 8 DRAFTING, APPEARANCES AND PLEADINGS The Paper ‘Drafting, Appearances and Pleadings’ has been included in the syllabus with a view to equip the students with legal drafting abilities, legal frame work pertaining to the appearances before various tribunals/ quasi judicial bodies and the basic understanding of the principles of pleadings. Drafting of…

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CS Professional – ADVANCED TAX LAWS AND PRACTICE

MODULE 3 PAPER 7 ADVANCED TAX LAWS AND PRACTICE  The subject of Advanced Tax Laws is inherently complicated and is subjected to constant refinement through new primary legislations, rules and regulations made thereunder and court decisions on specific legal issues. It therefore becomes necessary for every student to constantly update himself with the various changes made…

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CS Professional – ETHICS, GOVERNANCE AND SUSTAINABILITY

MODULE 2 PAPER 6 ETHICS, GOVERNANCE AND SUSTAINABILITY  Corporate Governance has emerged as an important academic discipline in its own right, bringing together contributions from accounting, finance, law and management. Corporate governance now offers a comprehensive, interdisciplinary approach to the management and control of companies. Corporate professionals of today and tomorrow must imbibe in themselves…

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CS PROFESSIONAL – FINANCIAL, TREASURY AND FOREX MANAGEMENT

MODULE 2 PAPER 5: FINANCIAL, TREASURY AND FOREX MANAGEMENT In the present corporate world, the funds flow in and flow out from different sources. So as key managerial person, a company secretary supposed to have a thorough knowledge of compliance issues related. The company secretaries by virtue of their expertise in the corporate laws and…

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CS PROFESSIONAL – INFORMATION TECHNOLOGY AND SYSTEMS AUDIT

 MODULE 2 PAPER 4 INFORMATION TECHNOLOGY AND SYSTEMS AUDIT  Technology and Science are transforming our world, changing the way we do business, the way we learn, the way we communicate, and even the way we entertain ourselves. Success in any field – law, medicine, business, education, entertainment, finance and investment – requires a command of…

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CS PROFESSIONAL – CORPORATE RESTRUCTURING, VALUATION AND INSOLVENCY

MODULE1 PAPER 3: CORPORATE RESTRUCTURING, VALUATION AND INSOLVENCY Corporate Restructuring is a non-recurring exercise for an organisation but it has a lasting impact on the business and other concerned agencies due to its numerous considerations and immense advantages viz., improved corporate performance, better corporate governance etc. The regulatory provisions and the multitude of judicial and…

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CS PROFESSIONAL – SECRETARIAL AUDIT, COMPLIANCE MANAGEMENT AND DUE DILIGENCE

MODULE 1 PAPER 2 SECRETARIAL AUDIT, COMPLIANCE MANAGEMENT AND DUE DILIGENCE  This paper is one of the core paper in the life of a company secretary. It explains and trains a student on the core strength  he needed to excel in his profession. The paper explain three aspects of expertise for a Company secretary. Due diligence…

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CS Professional Module 1 Paper 1- Advanced Company Law and Practice

Company Secretaryship being a professional course, the examination standards are set very high, with emphasis on knowledge of concepts, applications, procedures and case laws, for which sole reliance on the contents of the study material may not be enough. Besides, Company Secretaries Regulations, 1982 requires the students to be conversant with the amendments to the…

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CS Professional course – Syllabus in detail

Company Secretary profession course is the final level to become qualified. The world of company secretary is prestigious and of a corporate compliance officer. All stakeholders look up on to company secretary  as an authentic authority on every compliance issues.  At the executive level of the course which just the student cleared they have learned all…

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Company Secretary Course Details | Stages| How to Become CS?

Company Secretary course is one of the most sought after management professional qualification in the market. The course is designed to make people with strong willpower and dream to become a valued asset to an organisation. Company Secretary is the compliance officer of the company who will be looked upon by management for expert advices…

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Listening skills – CSEET

Effective listening skills is one of the important quality of a every person. In today’s society communicating effectively has become more important and vital. Usually people mistake with reading skills with listening skills, but having a great reading skill may not mean of good listening skill or vice versa.  To be true, listening skills is…

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Legal Reasoning – Questions and Answers CSEET Part 4

1 . Legal Principle : A person who is usually of unsound mind, but occasionally of sound mind, may make a contract when he is of sound mind. Factual Situation : Mr. Jamal is a patient in a lunatic asylum who experiences intervals of sound mind. Jamal entered into a contract during such interval of sound mind. On…

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Legal Reasoning – Questions and Answers CSEET Part 3

1 . Legal Principle : No person shall be subjected to a penalty greater than that which might have been inflicted under the law in force at the time of the commission of the offence. Factual Situation : A person was accused of cheating and before he was arrested and committed to trial for it, the law relating…

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Legal reasoning – Questions and answers CSEET Part 2

1. Legal Principle : Causing damage, however substantial to another person is not actionable in law unless there is also a violation of a legal right of the plaintiff. Factual Situation : Mr. Nandan opened a petrol pump next to earlier existing petrol pump ofMr. Chandan as a result of which Mr. Chandan suffered huge losses. Mr. Chandan…

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Legal reasoning – Questions and answers CSEET Part 1

Questions in the Legal Reasoning may be asked mainly from the following areas:- (A) Indian Constitution (B) Indian Contract Act (C) Law of Torts (D) Element of Company Law 1. Legal Principle : All citizens shall have the right to freedom of speech and expression under Article 19 of the Constitution of India and it is a…

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Management – Meaning and features

One of the term which was discussed in the every area of expertise is management, but it is one of the critical element for the success of a business organisation. In this article we are trying to understand the typical features of management. Management means the people who are in charge of running a business…

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Jumble Sentences – CSEET Business communication

Q 1. Arrange the following Jumble sentences – People want that racialism should be wiped out. Our principles are different from our profession. He will propagate his message His words will be accepted by the following generations. People should adopt it . Options – (A) 52314 (B) 12345 (C) 41523 (D)42531 Answer C Q 2-…

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Para Jumbles and sentences correction – CSEET Business Communication

Para Jumbles 1. Arrange the sentences A. Charlotte Bronta’s Jane Eyre (1847) is one of the classic nineteenth century novels in English.  B. It describes a love affair between the eponymous heroine, a governess, and her aristocratic master, Rochester.  C. The novel ends with the marriage of Jane and Rochester after Jane has become both…

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Business Acronyms and Abbreviations – CSEET

ABC – Always be closing AGM – Annual General Meeting ASAP – As soon as possible B2B – Business to business B2C – Business to consumer BD – Board of Directors CAD – Computer aided design CEO – Chief executive officer CFO – Chief financial officer CIO – Chief investment officer/chief information officer CMO –…

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Proverbs – CSEET Business communication

 A honey tongue, a heart of gall.  A bad beginnings makes a bed ending.  An empty bag will not stand up right.  A little knowledge is a dangerous thing.  A wolf in sheep’s clothing.  All’s well that ends well.  An empty vessel sounds much.  A nine day’s wonder.  A heavy purse makes a light heart.…

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Idioms and Phrases – CSEET Business communication.

Once in a blue moon. – Something that happens very rarely. Break the ice – to initiate a social conversation or interaction. Beating around the bush – avoiding the main topic. A bird’s eye view – a view from a very high place that allows you to see a very large area. Chip on your…

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Abbreviations – Important Commercial Abbreviations

ADB             :-   Asian Development Bank ADR             :-   American Depositary Receipt AGM             :-   Annual General Meeting AIDWA          :-   All India Democratic Woman’s Association AITUC           :-   All India Trade Union Congress AMFI             :-   Association of Mutual Funds in India AO                 :-   Additive Outliers APEC             :-   Asia-Pacific Economic Cooperation APL                :-  …

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Abbreviations – CSEET T to Z CSEET

T TACDE           :- Tactics & Aircrafts Development Establishment TAPS              :- Tarapur Atomic Power Station TANSI            :- Tamil Nadu Small Industries Corporation TAMP             :- Tariff Authority for Major Port TB        …

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Abbreviations – CSEET English Business Communication- Part 3 – M to S

M MA                 :- Master of Arts MAIT             :- Manufacturer’s Association of Information Technology MAPP             :- Madras Atomic Power Project MASER          :- Microwave Amplification by Stimulated Emission of Radiation MBA    …

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Abbreviations – CSEET Business Communication Part 2 -E to L

E EAA                :- Easy Animal Aid EAS                :- Employment Assurance Scheme ECB                :- European Central Bank ECG                :- Electro Cardiogram Graph ECIL          …

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Abbreviations – CSEET Business Communication- A to D

AACI               :- Airport Association Council International AAFI               :- Amateur Athletics Federation of India AAGSP           :- All Assam Gana Sangram Parishad AAPSO           :- Afro-Asian Peoples Solidarity Organisation AASU        …

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Homophones – CSEET English Business communication Part 3

1 .Ingenious  – Clever      Ingenous – Frank, and simple 2. Jealous – Envious       Zealous – Full of enthusiasm 3.  Knows –  To know       Nose – An organ of smell 4. Later – More late in time      Latter – Oppose to former  5. Loose –  As…

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Homophones – CSEET English Business Communication Part 2

1. Cease –  to stop   Seize – To take possession 2. Corpse – dead body      Corps-  a body of troops 3. Complement- that which completes       Compliment- Regard to courtesy. 4.Conscious- aware,       Conscientious – honest, obedient to one’s conscience.  5. Credible  – Believable       Creditable – Worthy of praise and honors 6.…

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Homophones – English Business Communication CSEET

1. Homophones are words that sound different but have same meanings. a) True b) False Answer B Homophones are words that sound the same but have different meanings and spellings. 2. Which of these means to omit? a) Accept b) Except c) Acept d) Exccept Answer B 3.______ is the most important city of a…

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Antonyms – CSEET English Business Communication

1. Disparage  a. hesitate b. settle c. trouble  d. applaud Answer D To disparage means to speak slightingly about, to applaud means to express approval. 2. Ample  a. complete b. insufficient  c. quiet d. supple Answer B  Ample means more than adequate in size, scope, or capacity or sufficient, therefore, insufficient is the most dissimilar.…

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Antonyms – CSEET English Business Communication

1. austere  a. lavish b. unfavorable  c. light d. devout Answer A austere means simple and unadorned; lavish means produced or expended in abundance 2. insipid  a. cold b. brave c. exciting  d. bashful Answer C insipid means lacking in qualities that interest or excite, therefore exciting is the opposite 3. wastrel  a. sober b.…

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Antonyms – CSEET English Business communication

1.  Impartial  a. Hostile b. Biased c. Dislike d. Worried Answer : B Impartial means to be without prejudice or bias, therefore biased is the opposite 2. Heartfelt  a. loving b. insincere c. unhealthy d. humorous Answer : B Heartfelt means expressing genuine feeling, or sincere, so insincere is its opposite 3. expound a. besmirch b. confuse…

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Synonym for Business Communication – CSEET

1. Synonym of ABANDON Try Join Keep with Forsake Answer D 2. Synonym of ABSOLUTE Division Complete Small Half Answer B 3. Synonym of ACCORD Confer Refusal Dissension Opposition Answer  : A 4. Synonym of Latent apparent manifest concealed obvious Answer : C 5. Synonym of Melange mixture of medley optical illusion desert household Answer :…

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Choice of words -Business communication English Language CSEET

He wants to get a better ______ and earn more money.a) employ b) job c) work d) employment  Answer : B Managers set objectives, and decide ………….. their organization can achieve them. a) what b) how c) which d) because  Answer : B 3. She wanted him to ___________ the lines but he lacked sufficient…

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Business communication- English CSEET Part 3

Correct spelling 1. 1. Hindrence2. Hindrance3. Hinderence4. Hinderance Answer B 2. A.Aceelerate B.Acelerate C.Accelerate D.Acellrate Answer C 3. A.Accesary B.Acessarry C.Acessary D.Accessary Answer D 4. A. Acquainttance B.Acqquaintance C.Accquaintance D.Acquaintance Answer D 5. A.Campaegn B.Cammpaign C.Caampaign D.Campaign Answer D 6.  A.Cannibale B.Cannible C.Cannibal D.Cannebal Answer C 7. Jawaharlal spent his childhood ______ Anand Bhawan.  (A) at  (B)…

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Business communication English language – CSEET 3

1. My wife works —– the town hall. A. in B. on C. at D. by Answer : C 2. Kanmani longs —– my friendship. A. for B. from C. by D. of Answer : A Select proper prefix 3.  EditorA. byeB. subC. jointD. bi Answer B 4. DangerA. erB. ousC. edD. en Answer B 5.  MonthlyA. biB. byeC. antiD. over Answer A 6.  DateA.…

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Business communication English language – CSEET 2

1) Words of same sound is ? A) Soundnyms B) Antonyms C) Homonyms D) None of these Answer  C 2) Sounding the same but spelt differently ? A) Symphonious B) Homophonous C) Synonyms D) Saminymous Answer  B 3) Choose the correct answer ? A) My friend has got a new job. B) My friend has got a…

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Business Communication CSEET 2020 – English Language 1

1) Her thinking leans ____ democracy. A) with B) towards C) for D) None of these Answer  B 2) He got too tired _____ over work. A) because of B) because off C) on D) for Answer  A 3) _____ his principles, he has to be very careful. A) with regard of B) with regard on C)…

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Logical reasoning -Number series – CSEET

1. At this series: 12, 11, 13, 12, 14, 13, … What number should come next? A. 10 B. 16 C. 13 D. 15 Answer: Option D.  Explanation : This is an alternating number of subtraction series. First, 1 is subtracted, then 2 is added. 2. At this series: 36, 34, 30, 28, 24, ……

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Current Affairs May 2020 – CSEET

1. The task force on National Infrastructure Pipeline (NIP), projects total infrastructure investment of Rs 111 lakh crore during a 5-year span of FY 2019-20 to FY 2024-25. Name the person who heads the task force. 1) C Rangarajan 2) Sakthikantha Das 3) Atanu Chakraborty 4) Ajay Kumar 5) Subash Chandra Answer – 3) Atanu…

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Bcom or BBA after plus two?

Deciding which course to pursue is in itself a tough task for students and parents. Most of the situation it is influenced by custom, like, what other relatives did or friends did etc. Even if the student is decided to go for commerce stream, the real confusion comes when the question of selecting Bcom or…

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All about BSc course

After plus two most of the students and parents find it difficult to select which course they have to take for their graduation. Science, commerce or arts, the choice is difficult, but bright students  automatically select BSc. It doesn’t mean , others are not bright, it means it has become  a convention. Let us try to understand…

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Indian Economy MCQs Part 2 – CSEET

1. First five-year plan in India was from (A) 1947 – 1952 (B) 1949 – 1954 (C) 1950 – 1955 (D) 1951 – 1956  Ans .  D 2. First five-year plan was based on? (A) Harrod -Domar Model (B) P.C. Mahalanobis Model (C) Both of above (D) None of above  Ans .  A 3. Consider…

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Indian Economy MCQs – CSEET

1. What option does the central government does not include in development expenditure? A) Grant to States B) Expenditure on Social and Community Services C) Expenditure on Economic Services D) Defence Expenditure Answer: D 2. Approx. __ % of Indian population is still Agriculturist. (A) 46% (B) 50% (C) 58% (D) 64% Ans .  C…

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Company Law MCQs Part 4 – CSEET

1. Advantage of incorporated company is (a) Corporate disclosures (b) Common seal (c) Capacity to sue (d) Windier up procedure Answer: C 2. Find the odd one out:- (a) Private Company (b) Public Company (c) Consumer Company (d) Producer Company Answer: C 3. Joint shareholders are counted as (a) Two (b) No limit (c) 50…

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Company Law MCQs Part 3 – CSEET

1. What are the limits of number of members in a Private Company? (a) Fifty (b) Seven (c) Twenty (d) Two hundred Answer: D 2. If XYZ is the holding company of P&R Ltd. then, which of the following statement is not true in this regard. (a) XYZ Ltd. controls the composition of Board of…

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Company Law MCQs Part 2 – CSEET

1. How many members should sign the MOA in case of public company? (a) 1     (b) 5    (c) 3     (d) 7 Answer: D 2. —————-conceives the idea of the business. (a) Promoters (b) Auditors (c) Directors (d) Shareholders Answer: A 3. Shares of company are freely transferable. (a) Private company (b) Public company (c) Both (a) & (b)…

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Company Law MCQs Part 1 – CSEET

1. Which of the following statements is not true? (a) A company is an artificial person created by law. (b) A company can do every act like a natural person except the acts which are purely of personal nature. (c) A company can be held liable for violation of the statutory provisions of the Companies…

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Law of Torts – MCQs

1. ……….. are words, which appear innocent, but have a latent defamatory meaning (a) Libel                (b) Slander (c) Innuendo        (d) None of the above Ans. (c) 2. Unliquidated damages mean (a) Damage to something solid. (b) Damage caused by a firm which has gone in liquidation (c) Damage to a firm in the hands of receivers. (d) Damage to…

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Indian Financial System – MCQs

1. Indian financial system comprises of both ———————-and ———————-sector. Ans. organized and Unorganized sector. 2. SEBI was given legal status in the year————-set up in1988 Ans . 1992 3. Non-banking assets and Non-performing assets are synonymous term. (True or False) 4. The Indian money market does not deal in cash or money but in promissory notes,…

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Union Budget – MCQ

What is budget?  Budget is the annual financial statement of the estimated receipts and expenditure of the government for the particular year. It is legal document because legislature passed it and the President approved it. The prime motive of Government financial management is to determine how adequately the financial and resource management responsibilities have been…

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National Income Accounting and related concepts -MCQs

Q 1. Output means . ……………unless stated otherwise (a) Gross output at MP (b) Net output at MP (c) Gross output at FC (d) None Ans: A Q.2 Which of the following is not a component of domestic income ? (a) Operating surplus (b) Compensation of employees (c) Net factor income from abroad (d) Mixed…

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Economics – Supply and Demand MCQ

1 1. Normally a demand curve will have the shape: A Horizontal B Vertical C Downward sloping D Upward sloping Answer: Downward sloping 2. Which one is the assumption of law of demand? A Price of the commodity should not change B Quantity demanded should not change C Prices of substitutes should not change D Demand curve must be linear Answer: Prices of substitutes should…

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Indian Contract Act, 1872 – MCQs

1.An agreement consists of reciprocal promises between at least  (a) four parties.  (b) six parties.  (c) three parties.  (d) two parties. Answer – d 2.  Every promise and every set of promise forming the consideration for each other is a/an  (a) contract.  (b) agreement.  (c) offer.  (d) acceptance. Answer – b 3. Contract is defined as an agreement enforceable by law, vide Section … of…

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Constitution of India – Multiple Choice Questions

Constitution is the Fundamental Law of any country which sets out the framework and the principal functions of various organs of the government. At present, the Constitution of India contains 448 Articles in 25 Parts and 12 Schedules. However, there are multiple features of the Constitution, namely Secular State, Federalism, Parliamentary Government, Fundamental Rights and…

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Important Articles of Indian Constitution.

Some facts about Indian Constitution The Constitution Was Originally Written in Hindi and English With 25 parts containing 448 articles and 12 schedules, It is the longest constitution in the world and the constitution was not typed or printed, it was handwritten by Prem Behari Narain Raizada. Each page was decorated by artists from Shantiniketan.…

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CSEET syllabus – Paper -1- Business Communication

What is Business Communication?  Business communication is the process of sharing information between people within and outside a company.  For a company secretary, proper communication is very important as he is the person who communicate with various departments within the organisation, outside the organisation and general public. Effective business communication is how employees and management interact to…

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Crack Company Secretary course in first attempt!

Company Secretary course is one of the prestigious, as well as a value-added, professional course in corporate and compliance management for students from any stream. A company Secretary takes care of legal and statutory compliance for all types of companies including private, public and government companies. Company Secretary is the connecting link between corporations and…

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Scope for Company Secretary profession

Whenever we talk about the profession Company Secretary, people start asking what are the opportunities? The reality is that people want opportunities in money terms or position terms but on responsibility or utility terms. If you just look on money, there may be better things  a person can do than becoming Company Secretary, but that may…

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Independent director as per Companies Act

Independent director is a director who does not have any pecuniary or material relationship with the company other than the receipt of sitting fees. They act as a guide to the company. Independent directors are not part of the companies executive team and not involved in the day to day conduct of company operations. The…

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CA or CS – Explained

Both Company Secretary and Chartered Accountants are two very important professionals needed in the corporate world. Chartered Accountant is an expert in accounting in finance , while the Company Secretary is an expert in company law and corporate legal compliances.  In real life world, these two qualifications have considered similar in between but most people…

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Auditors – disqualifications

Section 139 to 147 and respective rules under Companies (Audit and Auditors ) Rules 2014 have elaborate provisions for the appointment of auditors and related details.  Here we discuss about the disqualifications of Auditor. Disqualification of Auditors Sub section (3) of Section 141 lays down the criteria which disqualifies a person from acting as an auditor…

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Multidisciplinary firms and CS

Company secretary is considered as champion of Corporate laws and have an enviable position in the corporate management. He is a person who is looked on all compliance issues and times need to work closely with other professionals also. Company Secretaries Act 1980 have a limiting provision in the first schedule, part I. As per…

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Arbitration and conciliation Act 2019-latest updations

Arbitration comprises of a panel of Arbitrators which can be selected by the parties and such process is a very common gesture to analyse and consummate a dispute through understanding the disparity between any contractual obligations or indenture. Notwithstanding, such freedom of process imparted to the parties, Arbitration is said to be “Sitting Advocacy”. For brevity…

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Now Insolvency Resolution Professionals also mandatorily need MCA 21 filings

The Ministry of Corporate Affairs (MCA) issued a Circular on February 17, 2020, mandating the Insolvency professionals who are also called Interim Resolution Professional (IRP) or Resolution Professionals (RP) or Liquidators, appointed under Insolvency Bankruptcy Code 2016 to fill the forms in the Registry (MCA-21).This is in continuation to the representations received by the ministry from…

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CSEET – CS Executive Entrance test. FAQs

DIRECTORATE OF STUDENT SERVICES FREQUENTLY ASKED QUESTIONS (FAQS) (REVISED AS ON 03rd FEBRUARY 2020) PART 1 : (A) FAQ ON THE NEW REGULATIONS INCLUDING CSEET(CS EXECUTIVE ENTRANCE TEST) Q.1 Will the new admissions to Foundation Programme be discontinued after introduction of new regulations / CS Executive Entrance Test (CSEET)?  Ans: Yes. New admissions to Foundation Programme…

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Company Secretary course new changes

MAJOR CHANGES IN THE PROCESSES/ GUIDELINES PERTAINING TO STUDENT REGISTRATION, EXAMINATION ENROLLMENT, ETC. PURSUANT TO ISSUE OF COMPANY SECRETARIES (AMENDMENT) REGULATIONS, 2020 The Gazette Notification on the Company Secretaries (Amendment) Regulations, 2020 has been published on 3rdFebruary, 2020 in the Official Gazette of India and the same shall be applicable from the said date of…

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GST – Place of supply of goods and services

GST is one of the important enactment in the free India, which intends to change the entire indirect taxation regime, both taxation and filing aspects. This was a result of lengthy discussion and deliberations. Determination of place of supply of goods or services is very important in GST as the system involves many states and…

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Form AOC 4 and MGT 7 – filing and penalty

Transparency and self-compliance are the pillars of success of a company in long run. Financials of a company is not an internal cause of concern, it is also very much important for the public to assess the company and its strength. It helps the company to get easy finance for long term growth which will…

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Section 8 Company under Companies Act 2013- Check list for incorporation

It is true that one of the purposes of creating a company to do commerce and make profit. But not all the companies have the objective of making profit by doing business they primarily have charitable and nonprofit objectives. Such companies are called Section 8 companies under Indian Companies Act 2013. The act has three…

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Company law- disclosure of interest under Sec 184

A company under the companies Act is a legal and juristic person, separate from its members.  A company has independent corporate existence, limited liability, perpetual succession, common seal, capable of holding separate property in its own name, has transferable shares and capacity to sue and be sued. As the directors are the persons who manages…

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BREXIT and India

BREXIT – Britain Exit from the European Union. At first we need to understand what is European Union and the purpose of European Union. European Union is a political and economic union of 28 member states that are located in Europe. According to European Union website the union’s purpose is to promote peace, establish a…

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Study and music

How to win your life? You need to have two main things knowledge and goal. There may be many subsidiary things which can help you to achieve your success but knowledge and goal are the main components.  Knowledge comes form study and experience.  Study gives us foundation for knowledge and experience gives us the practical…

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Dormant company under Companies Act 2013

When a company is formed for a future project or hold an asset or intellectual property and has no any significant accounting transactions or an inactive company will be called as dormant company. If a company want to convert it as a dormant company, such company need to make an application through MCA website in…

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How to choose a course for your life?

When students pass out of 12th or graduation, relatives, friends, well-wishers etc. will be pouring in advices.  Some of them will ask you to go for medicine and some for engineering and some of the people come up and say it is always better to go for Chartered Accountancy for Company Secretary.  Believe it, they are…

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Corporate Governance – Basics

What is corporate governance? Corporate governance in simple terms means the system by which companies are directed and managed. This actually influences how the objectives of the company are set and organized and results are achieved, how risk is assessed and monitored thus increased the performances. A company that has good corporate governance has a…

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Company secretary course -Exam worries

All ask whether Company Secretary course is tough? My answer is a big yes!!! Or you tell me which course is not tough…?? The main problem what has been faced by most of the students are the self-belief they should.  There is no point in talking without confidence and having a thought in  mind that the course…

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Tips for CS exam preparation

Every student face, for that case for any course, have the problem of memory. Most of the students comes up and tell, they forget things very easily. In this article we will try to analyse common memory problem and its solution. In every class every teacher tell the student that revision is the core of…

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Auditor under companies Act- Appointment and removal

To understand it clearly, an auditor is an independent professional qualified to perform audit of the organisation as per the provisions of Companies Act. Sections 138 till 148 of Companies Act deal with provisions regarding audit, auditors and accounts. Companies Act 2013 have detailed provisions for appointment, regulation. Removal and reappointment of auditors. Auditors constitute…

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Deposit guarantee insurance – Indian Scenario

  A farmer went to the bank for a loan. He met the manager and requested for the loan. Manager asked him” why you want a loan?” for my child’s higher education” answered the farmer.  Manager given him a list of documents and securities he needs to furnish to his bank’s satisfaction for the loan.…

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Incorporation of a company-Procedures as per Companies Act 2013

Incorporation of a company looks simple when we say and tough and complicated when we do it. I am sure no practical experience can replace with a written article. The intention of this article to put light on to the regulatory aspects with regard to incorporation of private or public companies. Incorporation of a company…

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PMC Bank Crisis -future of cooperative banks

Madhavpura Mercantile Cooperative Bank was a bank having good business with 50000 depositors in 1999-2000 based out of Gujarat. When the bank was doing well, the bank started lending huge sums to stock brokers which was not as per the guidelines issued by the RBI guidelines. The assets have become substandard but the real problem…

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GST Composition Scheme

Composition Scheme is an easy and simple under the new GST regime. If small taxpayers are asked to follow all stringent guidelines , it will be very difficult for them to follow. By understanding the situation, the GST Council has made the provision for Composition scheme for small tax payers. Composition scheme provides that the…

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Input Tax Credit (ITC) under GST-Basic rules

Goods and Services Tax (GST) is considered the most modern and largest tax reforms in India. Under GST input tax credit is the most discussed topic. Input Tax Credit The system of getting back tax paid on the purchases while doing sales. To be clear, we need to collect and pay GST on sales but…

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Career option as Company secretary

What should I do after by Graduation? Or how can I plan my career after my 12th? Simple question every student ask any career counsellor. This question looks very easy to answer, as if we need to recommend what we like. But that is not career counselling, it is only marketing. In career counselling we…

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CS challenges and future

CS ,is it a great course? Yes, but need to grow to the potential. when ever we interact with students or prospective students of the profession of company secretaries we we face questions or doubts, Whetherthe profession is equally placed with other professions like CA etc. This is not a simple question, it is a…

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Unique Document Identification Number (UDIN) – a new attempt by ICSI to increase the quality of the profession of CS

  The Institute of Company Secretaries of India (ICSI) has initiated  a Unique Document Identification Number (UDIN) system in an attempted to have an increased sense of self-governance and strengthen the future practising side of company secretaries. at present the Practicing Company Secretaries are keeping registers with details of the attestation and and certifications they…

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Interpretations of statutes -CS Executive

The term interpretation means “To give meaning to”. Governmental power has been divided into three wings namely the legislature, the executive and the judiciary. Interpretation of statues to render justice is the  primary   function   of  the  judiciary.   It  is   the   duty  of   the   Court  to interpret the Act and give meaning to each word of the Statute. The  most   common   rule  of   interpretation  …

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Income from House property- points to be noted.

  Income from House property has become so common in the changed employment and earning environment as most of the people started buying their second home in the urban area. Income Tax Act 1961 have elaborate provisions regarding the taxability and exemption and exceptions available to such income. In this article we are trying to…

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Computation of salary income- points to be noted

Part 1 1. Basic Salary This is a fixed component in your paycheck and forms the basis of other portions of your salary, hence the name. For instance, HRA is defined as a percentage (as per the company’s discretion) of this basic salary. Your PF is deducted at 12% of your basic salary. It is…

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Professional Tax – Meaning, Rates & Compliance’s

    Many salaried employees might be very well aware of the term ‘professional tax’ as it would have been mentioned in the payslips/Form 16 issued to them. But all of them may or may not understand what it is and why is it appearing in their payslips/Form 16 as a deduction from their salary…

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ESTABLISHMENT OF BRANCH/LIAISON/PROJECT OFFICE OR ANY PLACE OF BUSINESS IN INDIA BY FOREIGN ENTITIES

  Post liberalisation, India is growing as a big market for businesses across the globe. As the growth pace has increased, enthusiasm from foreign entities to have business operations in India also grown. India have a unique advantage of largest young human resource in the word with one of the fastest growing market. There are…

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Income Tax Rates for Assessment Year 2020-21 / Financial Year 2019-20

  Tax rates are not same for all type of assesses under Income Tax Act 1961. It is different for different categories of taxpayers and for different source of income. Individuals/HUFs/AOP/BOI are taxed as per the different slab rates. However, companies are taxed at fixed rate, except for certain specified incomes. This article will provide…

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Case laws -landmark judgements on Constitution of India

Judicial review is the power of the Supreme Court to examine the constitutionality of legislative enactments and executive orders of both the Central and State Governments. On examination, if they are found to be violative of the constitution, they can be declared as illegal, unconstitutional and invalid (null and void) by the Supreme Court. Consequently,…

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Writ jurisdiction – High Court and Supreme Court

A writ is a directive issued by the Supreme Court and High Courts in india to carry out their directives for the enforcement of the fundamental rights and or legal right of the affected person.The Supreme Court can issue writs under Article 32 of the Constitution while  the High courts can issue writs under Article…

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Professional communication – Mind it this is your winning point

Let you be a businessman or professional, an icon or to be an icon, you always want to grow. Communication is the biggest asset one can have to grow professionally. So write professionally, behave professionally and speak professionally. Professionals say that, it is not important what are you saying, but it is very important how…

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Corporate Governance -present

Corporate Governance is a wholesome mix of measures that are necessary for creating a corporate culture of accountability and transparency. The term refers to a combination of transparency related practices, laws, rules, regulations, procedures and voluntary initiatives on the part of the companies to maximise the shareholders’ long term value and maintain accountability to different…

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SEBI fine NSE in Co-location case and bars from accessing securities market.

One of the rare of the rarest cases, Securities Exchange Board of India fined National Stock Exchange, the largest stock exchange in India, with Rs. 1100 crores and also barring the bourse from accessing securities market for 6 months. It was in 2010, National Stock Exchange (NSE) had started a facility to allow its brokers…

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Real Estate Investment Trust IPO

  A real estate investment trust is a company that owns and in most cases operates, income producing real estate. Real Estate Investment trust own many types of commercial real estate ranging from office and apartment buildings to warehouses, hospitals etc. Backdrop In 2014 , India approved the creation of real estate investment trusts in…

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Reliance Retail E-Commerce – may change the market dynamics in 2019.

Market cries foul on e-commerce companies saying that they are killing offline retail shops. But the data shows a different picture.The gap between offline retail sales and online retail sales is widening and still more than 83% of the total retails sales market is controlled by offline stores and most interesting fact is that the…

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Amazon – changing business dynamics, to offer broadband with own satellites.

1994 marked the launching of Amazon, promoted by Jeff Bezos, which today is one of the largest e-commerce giant and a cloud computing giant. Amazon never started as is now, it is the result of continuous  development and fine tuning. The first intention of Amazon was to sell books through its websites. The first business…

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Career and Social media

  When we look on jobs and career we were more focused on skills, knowledge, CV, language etc. to impress HR executives and then they will do some background checks with people we have given them as references or maximum previous employer, that’s all. The time has changed, even before they call you for an…

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Incorporation of Company

Incorporation of Private Company – Basic information and steps. Disclaimer: This is an article of academic purpose only and not for practical application. Check all relevant updates with expert opinion before taking any steps. Incorporation of a company is like giving birth to a child. It involves many painful steps with lots of care to…

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Termination of auditor – Zen Shaving and Mukesh Choksi

National Company Law Tribunal paves the way for termination of Zen Shaving auditor on January 6, 2016 and on February 08 NCLT disqualified him for 5 years. The story was one of its kind in recent times. In most of the times auditors help the corporate to do all mischief and escape unhurt. One of…

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Shell companies and its directors – new guidelines

All heard about shell companies and binami investments. What really a shell company? A shell company is a company or corporation that only exists in paper and has no office and no employees, but they may have bank account or may hold passive investment or be the registered owner of assets. Now it is clear…

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Indian Auditing firms are not able to become big – a study.

Source: big4accoutningfirms.org When we start a business first the tension who will be the accountant. When a new business is started, first and foremost problem is to select and engage an accountant. The things what we consider when we start, interview, select and engage an accountant are their Experience. Expertise. Geographical presence. Domain experience. Market…

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SEBI (Prohibition of Insider Trading)(Amendment) Regulations, 2018

SEBI came out with an amendment which was not long due for SEBI ( Prohibition of Insider Trading) Regulations 2015, for improving the regulations and for a fair market conduct. The amendment came out with some explanation to words, defences for insider trading and procedures to be followed. Clarity has been given for the word…

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The Banning of Unregulated Deposits Ordinance, 2019 – for investor protection.

Day by day news are coming out about the vanishing of chit funds, ponzi or pyramid scheme companies, un authorised co-operated societies etc with crores of public money. Government of India came out with an ordinance to prohibit illicit deposit schemes that cheats innocent investors from institutions which run unregulated deposit schemes. This ordinance was…

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NSEL SCAM-Story of greed, forgery and cheating!

SEBI declares commodity business arms of Motillal Oswal, IIFL not fit and proper, more may follow….   Jignesh Shah and Financial Technologies were really big names in the financial markets, and believed that ethics follows, but proved otherwise. National Spot Exchange Limited, was a company owned 99.99% by Financial Technologies, incorporated under Companies Act and…

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Coudtail, Appario model business by Ecommerce companies, threat evaded.

The law is made, but they found perfect way to surpass   February 1st has been given as  deadline for e-commerce companies to stop selling products from their group companies. In compliance with the circular these related companies suspended their operations, the market felt the days of big discounts or big deep discounts are over…

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Ayurveda, Siddha and Unani medicines no advertisements can be given! A Welcome move?

Ayurveda Unani and Siddha (AUS)companies had a free ground on advertisements till now. Hair grow, power booster, Himalayan rare herbs etc. etc. were making the rounds and majority of the customers lured into that. December 21 and 24, 2018 rang danger siren to the ears of AUS companies, as the AYUSH department has notified the…

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New E-commerce policy- challenges to E-commerce companies – Amazon, Flipkart etc.

26thDecember 2018, opened with great challenges to E-commerce companies, who also sell products through subsidiaries on its platform. The change is big, e-commerce entities can now only engage in business to business (B2B) and not in business to customer (B2C). In the initial stages most of the e-commerce companies started its business by providing a…

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Law graduation and Company Secretary

Biggest question in every body life is ” I donot have time for it?” life is always busy for a just born to a person on death-bed. The only difference  for the winner is how you are able to find time to do better things. Company secretary is a person who is an expert in…

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Company Secretaries training- Company or firm

Company Secretary is one of the most promising career option for the right student. Majority view this course as one of the toughest in the group with a pass percentage in one digit. The Institute have decided and implemented a strategy where quality has given priority not the quantity. Every paper is designed to see…

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Attempts needed to clear Company Secretary examination

  Company Secretary course is one of the toughest to crack in the market and if any did that in first attempt, they need your applause. When we look on to the success percentage of the course, it is comparatively less, even in single digits. But when we look on the opportunities available and the…

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Practical Training and Company Secretary course

Company Secretary course is one of the premier professional qualification one can obtain if looking for a bright career in corporate Management. Company secretary course is offered by The Institute of Company secretaries of India, an institution set up by Government of India, by an act of Parliament. This is a part-time course, and there…

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Employed persons and Higher education

Education is a never-ending process and there is no time limit or age limit prescribed for that. Most of the cases people feel that the study or education process should end at the moment we enter into employment or business life. Not so, there are many example and experiences available, with which we can see that…

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