share capital - Page 4

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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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: Income Tax |

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: Income Tax |

Buy-Back of Securities (Unlisted Public Company and Private Company)

Buy-Back of Securities (Unlisted Public Co. & Private Co.) Buy Back of Securities is a boon for Companies who wants to reduce their Share Capital. First of all, here are few preliminary notes of Buy Back: a. Introduced by ‘The Companies (Amendment) Act, 1999 b.  Governing Sections of Companies Act, 1956:...

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Posted Under: Income Tax |

The Primary Objective of The Corporation: Value Maximization

The primary objective of the Finance manager is always to increase the wealth of the shareholders in long term. And this objective is also compared with the profit maximization objective of the corporation and almost all the authors believe that Wealth maximization is superior objective than Profit Maximization....

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Posted Under: Income Tax |

Checklist / Procedure for Rights Issue of shares

2) Period for which the issue may remain OPEN:Rights offer shall be made by Notice specifying the number of shares offered and limiting a time not being less than 15 days from the date of the offer within which the offer, if not accepted, will be deemed to have been declined {Section 81(1)(b)}....

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Posted Under: Income Tax |

Buy-Back of Shares u/s. 77 of Companies Act, 1956

Section 77 essentially states that no company limited by shares, and no company limited by guarantee and having a share capital, shall have power to buy its own shares, unless the consequent reduction of capital is effected and sanctioned in pursuance of sections 100 to 104 or of section 402. Section 77(2) then furthers the objective of S...

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Posted Under: Income Tax |

Procedure for Conversion of Partnership firm into company

Conversion of Firm under Part IX of the Companies Act, 1956 :- The firm may be converted into a company by following the provisions of Part IX of the Companies Act, 1956. Sections 565 to 581 deal with conversion of firms into a company under the Companies Act, 1956....

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Posted Under: Income Tax |

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 20.11.2000, enclosing therewith certain docum...

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Assessee in garb of entering hedging transaction cannot seek to enter into speculative transaction in any stocks or shares other than one held by him as inventory

ACIT Vs. Dinesh K. Mehta (HUF) (ITAT Mumbai)

If all speculative transactions will be claimed as hedging transactions, very purpose behind the provisions of section 73 not permitting set off of speculative loss against business income will become redundant....

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