CS Executive · Corporate Accounting and Financial Management · Introduction to Corporate Accounting
Where shall the head office of the National Financial Reporting Authority be located under the Companies Act, 2013?
The head office of the National Financial Reporting Authority is at New Delhi under Section 132(12) of the Companies Act, 2013. The Authority may meet at other places in India as it considers fit, but its head office remains in New Delhi.
- AMumbai
- BKolkata
- CNew DelhiCorrect
- DChennai
Explanation
Section 132(12) provides that the head office of the NFRA shall be at New Delhi. It may meet at other places in India as it deems fit, so meeting elsewhere does not change the head office.
Did you get it right without looking?
One question tells you little. A timed set on Introduction to Corporate Accounting shows your real accuracy, how long you take and where you lose marks.
More Introduction to Corporate Accounting questions
- Under the accounting convention of conservatism, how should a company treat an anticipated loss and an anticipated gain?
- Which of the following is a function of the National Financial Reporting Authority under section 132(2) of the Companies Act, 2013?
- Under the Companies Act, 2013, which authority prescribes the standards of accounting that companies must follow, acting on the recommendati…
- Under the Companies Act, 2013, who prescribes the standards of accounting that companies must follow, as recommended by the Institute of Cha…
- Which statement about the Central Government's power to prescribe accounting standards under the Companies Act, 2013 is correct as per the o…
- As per the scope paragraph of Ind AS 1, to which financial statements does an entity apply the Standard?