compulsory convertible preference shares

News

PAN/TAN will be compulsory for all fresh incorporation applications in SPICe


As part of the Ministrys efforts towards providing greater Ease of Doing Business to stakeholders Form SPICe INC 32 will be revisedw e f 21 January 2017so as to include the functionality of applying for Company PAN and first TAN allotted by Income Tax Deptt in the Incorporation form itself Applying

Compulsory Switchover of all Old syllabus CS Professional Programme students to new syllabus


ATTENTION PROFESSIONAL PROGRAMME OLD SYLLABUS STUDENTS COMPULSORY SWITCHOVER OF ALL PROFESSIONAL PROGRAMME OLD SYLLABUS STUDENTS It is informed that June 2016 Session was the last examination for Professional Programme under Old Syllabus From December 2016 Session onwards all students under Professi

Declaration of Assets & Liabilities in the new ITR forms


Central Board of Direct Taxes CBDT have released new income tax return formswith mandatory provisions of declaring Assets Liabilities AL such as cars jewellery yacht aircrafts shares properties etc Prior to Assessment Year A Y 2015 16 the Asset Liability Schedule AL schedule was applicable to filers

Income arising from unlisted shares taxable under capital gains


Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi 5th May 2016 Subject Taxability of Income Loss arising from Transfer of Unlisted Shares reg CBDT vide order dated 2nd May 2016 has given direction to field formation with a view to avoid disputes Li

Enrolment with ICAI is compulsory to use CA as designation


As per the provisions of Section 24 of Chartered Accountants Act the designationChartered Accountantis only possible to be used by a member of the Institute of Chartered Accountants of India It has been observed that some of the final qualified students have not yet enrolled themselves as member of

More News



Experts Opinions

Issue of shares to consultants / vendors


How can a company issue shares to consultants vendors against their services with vesting service conditions Can Share warrants be issued What is the procedure The Companies Act 2013 and the rules are silent on this Can this be just captured in an agreement with the consultants with a future promise

Treatment of compulsory acquisition of non agricultural land


If the government has made compulsory acquisition of non agricultural land then what is the treatment under the Income Tax Act Is it taxable or not

Treatment of compulsory acquisition of non agricultural land


If the government has made compulsory acquisition of agricultural land then what is the treatment under the Income Tax Act

Transmission of shares


Please advice on this One of the shareholder of pvt company died in FY 14 15 But this fact was not know to Auditor and he prepared BS PL for FY 14 15 15 16 In Schedule of shareholders holding more than 5 he mentioned deceased name On the basis of this annual filling of AOC 4 and MGT 7 for both the y

Transmission of shares


Dear Experts Please advice on this One of the shareholder of pvt company died in FY 14 15 But this fact was not know to Auditor and he prepared BS PL for FY 14 15 15 16 In Schedule of shareholders holding more than 5 he mentioned deceased name On the basis of this annual filling of AOC 4 and MGT 7 f

Discussion

Advance tax payable on capital gain from unlisted shares

Dear all I have exercised some stock options of unlisted shares in mid Apr 2017 that will be AY2018 19 I may not have any capital loss that may offset this for the rest of the year My query is should I pay the advance tax as per the due dates 15 by 15 6 17 45 by 15 9 17 75 by 15 12 17 and 100 by 15

Issue of shares of private company.

Can a private comapny issue shares at partly payment of face value at the time of initial private placements Thank you in advance

transfer of shares

can a public company incorporate a clause transfer of shares is restricted in its articles

transfer of shares

can a public incorporate clause transfer of shares is restricted in its articles

Return of allotment of shares and forward dealing

Return of allotment and forward dealing means and in which situation those will arise

More Messages






File Download

  • For CA/ CS/ CMA_DT Final_Series 2_FinanceBudget2017 Analysis

    The file contains Decoding of Finance Budget 2017 with Key Analysis and Practical Illustration Series 2 by Anuraag Singhaal CA 2005 CPA 2008 For any further clarification you can reach out at anuraagsinghaal outlook com India Finance Budget 2017 Analysis alongwith Examples In Series 2 following sections where amendments are proposed in India Finance Budget 2017 are analyzed The amendments are analyzed alongwith illustrations Capital Gains on sale of unlisted shares by non residents Section 112 Exemption of income of Chief Minister s Relief Fund or the Lieutenant Governor s Relief Fund Section 10 23C Correct reference to FEMA instead of FERA Section 10 4 Tax exemption to partial withdrawal from National Pension System NPS Section 10 12B Rationalisation of deduction for NPS for self employed individual Section 80CCD Restriction on set off of loss from House property Section 71 3A Reason to believe to conduct a search etc not to be disclosed Section 132 132A Power of provisional attachment and to make reference to Valuation Officer to authorised officer Section 132 Rationalisation of the provisions in respect of power to call for information Section 133 Extension of the powers to survey Section 133A
  • Valuation CA Final Financial Reporting

    Contains more than 50 questions of Valuation of shares along with solution First questions are typed and then their solution step wise
  • Computation of Capital Gains Tax on Sale of Shares & Mutual

    Computation of Capital Gains Tax on Sale of Shares Mutual Funds
  • Procedure for Issue of Rights Shares

    ROC procedure
  • Compulsory switch over to new syllabus from old syllabus

    Compulsory switchover to new syllabus of cs professional programme from old syllabus of professional programme and revised corresponding exemption on switchover to new syllabus of cs professional programme

More Files

Articles

Convertible Bonds Calculations - Equity & Liability portion - Ind AS/ IFRS


Many of our readers requested to share actual calculation and the process to bifurcate any convertible bonds between Equity Liability and its related Journal Entry Let s refer some relevant guidance reference related to these kind of convertible bonds and its related calculation as mentioned in acco


Option to buy Shares given - Vodafone Idea Merger


Recent news on approving merger of Vodafone Idea at their board level has given many questions related to its accounting under the new framework i e Ind AS Many of our readers have sent their queries to know about the below situation and to know its treatment under Ind AS The below approach has been


Restriction on Transfer of shares in Private Companies


A private company is defined as a company which by its articles Restricts transfer of its shares in prescribed manner Prohibits invitation to public to subscribe for its shares Limits its members to 50 now 200 and Prohibits acceptance of deposits from public other than members Therefore a private co


Sweat equity shares and its procedure to issue by unlisted companies


Meaning of Sweat Equity Shares Section 2 88 Sweat Equity shares means such equity shares as are issued by a company to its directors or employees at a discount or for consideration other than cash for providing their know how or making available rights in the nature of intellectual property rights o


Proposed Buy back of Shares by TCS- An Accounting perspective-Ind -As/ IFRS


We all got to hear by now that some major companies in India including Tata Consultancy Services TCS are planning to buy back its shares in order to improve efficiencies into its earning per share We will not discuss about the reasons and shortcoming of Buyback schemes which are normally being done


More Articles


Updated on : 4/26/2017 9:31:19 PM


CCI online Coaching


KPMG



GSTSUTRA


CCI Jobs

×
close x
Download GST App    |    x