PCC Audit Paper

Ya i agree with u.............................................

Q 2 samajh me hi nahi aaya???

In the case cited in Question No:2(a)-PCC-Audit, the Board has contributed more than 5% of the average net profits as determined in accordance with the provisions of Section 349 and 350 during the last three years, which works out to Rs.75000/- and therefore contravenes the provisions of section-293(1)(e) of the Companies Act,1956.

As I know the power of the Board of Directors and the restriction thereof as per Companies Act, i.e. section 293 is not included in PCC Course. It seems the question is out of course.

can any one attech the audit paper