Nalco Interview Questions, Process, and Tips

Listed entities need to follow various statutory compliance quarterly and annually.

• Filing of quarterly and annual financial statements with stock exchanges

• Compliance with SEBI regulations and guidelines

• Appointment of independent directors and audit committee members

• Conducting board meetings and AGMs within prescribed timelines

• Disclosure of material events and related party transactions

• Compliance with Companies Act, 201...read more

Deductions under chapter VI A -80JJAA, 80CCD

• Chapter VI A of the Income Tax Act provides for various deductions from gross total income.

• Section 80JJAA provides for deduction in respect of employment of new employees.

• Section 80CCD provides for deduction in respect of contribution to pension scheme.

• The maximum deduction under section 80JJAA is Rs. 30,000 per employee.

• The maximum deduction under section 80CCD is Rs. 1.5 la...read more

NALCO's turnover and profit decreased in FY 20-21 compared to 19-20. Reasons are...

• COVID-19 pandemic affected demand and supply chain

• Decrease in global aluminum prices

• Shutdown of one of the company's smelter units for maintenance

• Increase in expenses due to safety measures and employee welfare

• Decrease in production due to labor shortage and transportation issues

Shares and debentures are financial instruments used by companies to raise capital from investors.

• Shares represent ownership in a company and give the shareholder voting rights and a share in profits.

• Debentures are a type of bond that companies issue to raise funds. They pay a fixed rate of interest and have a maturity date.

• Shares are riskier than debentures as their value can fluctuate based on market conditions and c...read more