Ch 14: INCORPORATION OF COMPANY AND MATTERS INCIDENTAL — Study Material & Test Yourself
Intermediate
📚 Corporate and Other Laws
📖 Ch.14 — INCORPORATION OF COMPANY AND MATTERS INCIDENTAL
📘 V2: Study Material & Test Yourself
⚡ Free Mode (Answers Locked)
⏱ Duration: 54 Mins
🎯 Total Marks: 30
Passed at: 12 Marks
Max Attempts: 10
⚖️ Statutory Applicability: As amended by the latest Finance Act & Regulatory Notifications (AY 2026-27)
Answer ALL questions. Refer directly to curriculum standards and prescribed statutory provisions.
📑 Exam Questions
6 Questions • Total 30 Marks1(a): INCORPORATION OF COMPANY AND MATTERS INCIDENTAL
5 Marks
When the object of reconstruction is usually to re-organise capital or to
compound with creditors or to effect economies then such type of
reconstruction is called
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1(b): INCORPORATION OF COMPANY AND MATTERS INCIDENTAL
5 Marks
Internal reconstruction without liquidation of the company
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2(a): INCORPORATION OF COMPANY AND MATTERS INCIDENTAL
5 Marks
The accumulated losses under scheme of internal reconstruction are written off
against
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2(b): INCORPORATION OF COMPANY AND MATTERS INCIDENTAL
5 Marks
Share Capital account
© The Institute of Chartered Accountants of India
14.47
ACCOUNTING FOR RECONSTRUCTION OF COMPANIES
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Official 4-part guideline answer, ratio decidendi & step-by-step evaluation rubrics are exclusive to Pro Hub members.
3(a): INCORPORATION OF COMPANY AND MATTERS INCIDENTAL
5 Marks
A process of reconstruction, which is carried out without liquidating the
company and forming a new one is called
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Official 4-part guideline answer, ratio decidendi & step-by-step evaluation rubrics are exclusive to Pro Hub members.
3(b): INCORPORATION OF COMPANY AND MATTERS INCIDENTAL
5 Marks
Reconstruction is a process by which affairs of a company are reorganized by
🔒 Model Answer & Step-by-Step Marking Rubric
Official 4-part guideline answer, ratio decidendi & step-by-step evaluation rubrics are exclusive to Pro Hub members.
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