Corporate and Other LawsMCQQuestion 6008 of 221
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9. Dr. Ronak Mosay desires to remit US $ 1,50,000 for payment of prize money to the winning team in a cricket tournament in Canada. He needs to obtain approval from which of the following?

Select Your Answer (Keyboard: A, B, C, D)
For any discrepancies in this question, email contact@cadada.in

Correct Answer

✅ Option A — His bank only, as the amount is less than US $ 2,50,000

All Options:

  • AHis bank only, as the amount is less than US $ 2,50,000 ✓
  • BNo approval is required
  • CThe transaction is a prohibited transaction
  • DMinistry of Human Resource Development (Department of Youth Affairs and Sports) (2 Marks) Case Scenario – IV Rohit and Anushka after passing out the CA examination, incorporated an LLP to work as the practicing Chartered Accountant. Rohit and Anushka were also titled as designated partners. After sometime, Rohit got an opportunity to provide consultancy services on an ongoing basis to a company based in Singapore. Rohit remained in India for 90 days during the Financial Year 2023-24. The LLP continues its operations from India with Anushka whereas Rohit participates in decision making remotely. Based on the facts given in the above case and by applying the relevant provisions of the LLP Act, 2008 and the applicable rules therein, choose the correct answer of the following MCQs: (Q. No. 10 and Q. No. 11)

Detailed Solution & Explanation

Correct Answer: Option **A** Explanation: As per the official suggested answer, option **A** is correct. Hence, **Option A** is the correct answer.

More Questions from Corporate and Other Laws

If 3x+y+2x−y=−1\displaystyle 3x+y+2x−y\displaystyle \frac{3}{x+y} + \frac{2}{x-y} = -1 and 1x+y−1x−y=43\displaystyle 1x+y−1x−y=43\displaystyle \frac{1}{x+y} - \frac{1}{x-y} = \frac{4}{3} then (x,y)\displaystyle (x, y) is:

2x+510+3x+1015=5\displaystyle \frac{2x+5}{10} + \frac{3x+10}{15} = 5, find x\displaystyle x

Find value of x2−10x+1\displaystyle x^2 - 10x + 1 if x=15−26\displaystyle x = 15−26\displaystyle \frac{1}{5-2\sqrt{6}}

The cost of 2\displaystyle 2 oranges and 3\displaystyle 3 apples is $28$. If the cost of an apple is doubled then the cost of $3orangesand\displaystyle oranges and5$ apples is $75$. The original cost of 7\displaystyle 7 oranges and 4\displaystyle 4 apples (in Rs) is:

In a multiple choice question paper consisting of $100questionsof\displaystyle questions of1\displaystyle mark each, a candidate gets $60\% marks. If the candidate attempted all questions and there was a penalty of $0.25$ marks for wrong answers is:

The values of x\displaystyle x and y\displaystyle y satisfying the equations 3x+y+2x−y=3\displaystyle 3x+y+2x−y=3\displaystyle \frac{3}{x+y} + \frac{2}{x-y} = 3 and 2x+y+3x−y=233\displaystyle 2x+y+3x−y=233\displaystyle \frac{2}{x+y} + \frac{3}{x-y} = \frac{23}{3} given by

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