Question
Which section of the MSMED Act, 2006 mandates the
creation of a 'Grievance Redressal Mechanism' for MSMEs?Solution
Section 18 of the MSMED Act, 2006 requires the establishment of a mechanism for the redressal of grievances related to MSME transactions. This includes issues related to payments and disputes, ensuring that MSMEs have access to a proper channel for resolving conflicts.
A statutory auditor of a company needs to report fraud/suspected fraud within _____ of his/her knowledge of the fraud.
Which of the following financial statements would provide information about a company's income?
What are the major challenges an organisation may encounter when implementing budgetary control?Â
A firm’s current ratio is 1.5:1 and quick ratio is 1.5:1. What does it suggest about inventory?
An investment of ₹10 lakh yields ₹4L, ₹3L, ₹2L, ₹1L over four years. What is the payback period?
AS 6: Depreciation Accounting has been withdrawn with effect from 1-4-2016 after issuance of revised ________.
An entity has Equity Share Capital (equity shareholders’ funds) of ₹10,00,000, Preference Share Capital of ₹4,00,000, and Long-term Debt of ₹6,0...
If MOS = 50000 units and BE units are 35000, then what are the Budgeted Sales units?
What is the primary purpose of bookkeeping in business?
What is the maximum aggregate withdrawal/transfer limit per month for a Small Account where full KYC has not been completed?
