share capital

Should you exit TATA stocks with Cyrus Mistry…???

Finance - The exit of Cyrus Mistry from TATA group was not a crisis situation and wouldnt change the fundamentals of companies. The sudden removal of Mistry took the market by surprise and in the near-term, some volatility in Tata Group stocks was seen. It raises questions on the governance front too. ...

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Income from sale of shares is Business income or Capital gains

Finance - This article is for better understanding of Treatment of Income from Sales of shares or other securities. Here I am explaining about the possibilities one can treat the income from sale of shares and what are the benefits of it. The article also comprises the corresponding guidelines from CBDT which are self explanatory and fiercest....

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FAQs on Delisting of Equity Sharess

Finance - 1. What is meant by delisting of securities? The term delisting of securities means removal of securities of a listed company from a stock exchange. As a consequence of delisting, the securities of that company would no longer be traded at that stock exchange....

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Preferential Issue by Listed Company & SEBI (ICDR) Regulations, 2009

Finance - Preferential Allotment means an issue of shares by a body corporate under Section 62 (1) (c) of the Companies Act, 2013. Relevant Date means a date 30 days prior to the date on which the general meeting of the Company is held in terms of Section 62(1) (c) of the Companies Act, 2013. ...

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Stamp Duty on Shares issued under Indian Stamp Act in Demat Form

Finance - Whether shares/securities issued by company or an issuer in demat form are chargeable to stamp duty under Indian Stamp Act? If yes then on what value it will be charged or how consideration would be calculated for the purpose of levy of stamp duty?...

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Provide Clarity on Taxability of Surplus on Sale of Shares & Securities – Capital Gains or Business Income

Finance - As regards shares and other securities, the same can be held either as capital asset or stock-in-trade / trading asset or both. However, the Act does not contain any specific guidelines as to the characterisation of any particular investment as capital asset or stock-in-trade / trading asset. While this characterisation is essentially a f...

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Review of policy relating to forfeiture of partly paid-up shares

Finance - Forfeiture of shares is a process specified under Table-F (Articles of Association of a Company Limited by Shares) of Schedule I of the Companies Act, 2013. The standard procedure to be followed in case of forfeiture of partly paid-up shares is as follows:...

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Shares of Money Matters crashes on real estate scam

Finance - Share of Money Matters Financial Services today nosedived by 20 per cent, hitting a lower circuit on BSE, on allegations that the firm bribed senior officials of public sector financial institutions for procuring loans for corporates. The Mumbai-base...

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Companies Act may specify stringent rules for filing class action suits

Finance - To prevent misuse of class action suits, the new Companies Act may specify a minimum number of shareholders or creditors of companies for exercising the right to file such cases, the Corporate Affairs Minister, Mr Salman Khurshid, has said. This is a major change from the current position on class action suits as mentioned in the Companie...

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Roc issued New Version of many online filing forms

Finance - New version of Form 15, 1INV, 21, 23, 23AA, 23C, 24, 25B, 25C, 3, 32, 35A, 37, 39, 4C, CAR, DDB, 24AB, 23AAC, 65, 63, DD-C, 23AAA, Form I- Application for appointment of sole selling agent, Form of annual return of a foreign company having a share capital, 24A, Investor complaint form, 22B, 36, 4, […]...

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Issue of Share at Premium- Modus Operandi of Conversion of Black Money into White

M/s. Subhalakshmi Vanijya Pvt. Ltd. Vs CIT (ITAT Kolkata) - In these cases there are 18 different assessees who filed appeal before ITAT aggrieved from the order u/s 263 passed by CITs. In original proceedings AO passed orders with nominal additions after investigation by way of summoning various subscribers to share capital of assessee companies....

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Once a company shows in its accounts any money under the head paid up capital than it will be presumed that share has been allotted

Smt. Nupur Mitra & others Vs M/S Basubani Private Limited (Company Law Board Kolkata) - The instant petition was disposed by this Bench by an order dated 13.10.2000. However, due to administrative difficulties, the same was dispatched to the parties only on 22.11.2000. Before the receipt of the said order, the petitioners had filed two applications-one on 2.11.2000 and another on 20.11...

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Even introduction of stock-in-trade as capital contribution into firm attracts S.45(3)

DLF Universal Vs. DCIT (ITAT Delhi) - The assessee was engaged in the business of real estate development. It held land as stock in trade with a book value of Rs. 4.4 crs. The said land was introduced at its market value of Rs. 11.50 crs as capital contribution into a new firm. The surplus of Rs. 6.01 crore was credited to the profit an...

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Co-operative credit society is not a co-operative bank and not entitled to any deduction u/s. 80P(2)(a)(i) as a bank

Sridharpur Co-operative Bank Vs ITO (ITAT Kolkata) - The assessee co-operative society did not conform to the stipulation and limitation of the types of activities in which a banking company is allowed to engage as per the Banking' Regulation Act, 1949....

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For S.47(v), share capital of the subsidiary need not be “held” in the name of the holding company

The Commissioner of Income Tax Vs M/s.Papilion Investments Pvt. Ltd (Bombay High Court) - S. 47 (v) provides that a transfer of a capital asset by a subsidiary company to its holding company shall not be regarded as a “transfer” if the whole of the share capital of the subsidiary company is held by the holding company. The assessee transferred shares to its subsidiary and claimed exe...

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SEBI (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2009

Notification No LAD-NRO/GN/2009- 10/23/186926 - (11/12/2009) - Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2009 - Amendment in regulations 2,10,29,42,50, 96,98, Schedules VIII, XI and insertion of regulation 55A....

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CS Appointment Limit for companies increased to 5 Crore

Notification No. G.S.R. 11(E) - (05/01/2009) - Notification of change in COMPANIES (APPOINTMENT AND QUALIFICATIONS OF SECRETARY) RULES to increase the present limit of paid-up capital of Rs.2 Crore to Rs. 5 Crore for appointment of full time Company Secretary w.e.f.15/03/ 2009....

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Check List for Application under Section 295 and 372A of The Companies Act

Notification No. G.S.R. 501(E) - (06/07/1999) - he application should be addressed to The Secretary, Department Of Company Affairs, of the Jurisdiction in which you are falling. Application should be submitted along with the prescribed fee by demand draft drawn in favour of Pay & Accounts Officer, Department of Company Affairs, of the Jurisdictio...

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Recent Posts in "share capital"

Should you exit TATA stocks with Cyrus Mistry…???

The exit of Cyrus Mistry from TATA group was not a crisis situation and wouldnt change the fundamentals of companies. The sudden removal of Mistry took the market by surprise and in the near-term, some volatility in Tata Group stocks was seen. It raises questions on the governance front too. ...

Read More

Income from sale of shares is Business income or Capital gains

This article is for better understanding of Treatment of Income from Sales of shares or other securities. Here I am explaining about the possibilities one can treat the income from sale of shares and what are the benefits of it. The article also comprises the corresponding guidelines from CBDT which are self explanatory and fiercest....

Read More
Posted Under: Company Law |

FAQs on Delisting of Equity Sharess

1. What is meant by delisting of securities? The term delisting of securities means removal of securities of a listed company from a stock exchange. As a consequence of delisting, the securities of that company would no longer be traded at that stock exchange....

Read More
Posted Under: Company Law |

Preferential Issue by Listed Company & SEBI (ICDR) Regulations, 2009

Preferential Allotment means an issue of shares by a body corporate under Section 62 (1) (c) of the Companies Act, 2013. Relevant Date means a date 30 days prior to the date on which the general meeting of the Company is held in terms of Section 62(1) (c) of the Companies Act, 2013. ...

Read More
Posted Under: Company Law |

Provide Clarity on Taxability of Surplus on Sale of Shares & Securities – Capital Gains or Business Income

As regards shares and other securities, the same can be held either as capital asset or stock-in-trade / trading asset or both. However, the Act does not contain any specific guidelines as to the characterisation of any particular investment as capital asset or stock-in-trade / trading asset. While this characterisation is essentially a f...

Read More
Posted Under: Company Law |

Stamp Duty on Shares issued under Indian Stamp Act in Demat Form

Whether shares/securities issued by company or an issuer in demat form are chargeable to stamp duty under Indian Stamp Act? If yes then on what value it will be charged or how consideration would be calculated for the purpose of levy of stamp duty?...

Read More
Posted Under: Company Law |

Review of policy relating to forfeiture of partly paid-up shares

Forfeiture of shares is a process specified under Table-F (Articles of Association of a Company Limited by Shares) of Schedule I of the Companies Act, 2013. The standard procedure to be followed in case of forfeiture of partly paid-up shares is as follows:...

Read More
Posted Under: Company Law |

Issue of Share at Premium- Modus Operandi of Conversion of Black Money into White

M/s. Subhalakshmi Vanijya Pvt. Ltd. Vs CIT (ITAT Kolkata)

In these cases there are 18 different assessees who filed appeal before ITAT aggrieved from the order u/s 263 passed by CITs. In original proceedings AO passed orders with nominal additions after investigation by way of summoning various subscribers to share capital of assessee companies....

Read More

How to Register as AMFI Registered Mutual Fund Advisors (ARMFA)

All AMFI/ NISM Certified Intermediaries engaged in marketing and selling of Mutual Fund schemes are required to be registered with AMFI after passing AMFI/ NISM Certification Test. The Mutual Funds will not be able to deal with intermediaries who are not registered with AMFI and obtained ARN....

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Posted Under: Company Law |

Types of stock market charts: A Complete Guide

Technical analysts study historical stock and index price trends to predict stock movements and trends. A stock or index chart like any other graph has two-axis – X and Y – plotted for price and time. Each chart has a specific function and what chart you use, depends on the information you are seeking. There […]...

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Posted Under: Company Law |
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