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

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Experts Opinions

Agreement to gift for transfer of shares


XYZ Ltd holds some shares in ABC Ltd It desires to transfer those shares to another Company named PQR Ltd In this context my queries are as under Is it necessary to make an agreement to gift before executing a formal gift Can one company transfer its investment in shares to another company by way of

shares taxation


If AOP can be a shareholder then the shares will be purchased on name of AOP and will it be taxable if AOP purchase shares below fair market value since sec 56 2 vii applies on individual and HUF

Tax benefits of buyback of shares


What are the tax benefits of buyback of equity shares to both companies and shareholders

Non tax benefit of buyback of shares


What are the non tax that is not tax related benefits of buyback of equity shares to both companies and shareholders

Transfer of shares


I WANTED TO KNOW THAT CAN A TRUST TRANSFER ITS SHARES TO AN INDIVIDUAL BY WAY OF GIFT YOUR REPLY WILL BE HIGHLY APPRECIATED THANKS ALOT

Discussion

Cost of improvement for calculation of short term capital gains in respect of shares

In one of the provisos of S 48 STT has been specifically excluded for the purpose of calculation of capital gains However STT becomes a cost to the investor and S 55 does not make any specific exclusion Can S 55 override proviso to s 48 w r t STT

Allotment of shares

What are the procedures for allotment of shares in case of unlisted private company I have downloaded forms PAS 4 and PAS 5 What other formalities that i need to fill and comply

Lien on shares

Company A is a waste disposal company Company B hired company A to dispose their waste Company B have also invested in the shares of Company A Company A agreed to dispose the waste and completed the task Company B incurred huge losses and liquidated All the secured creditors and debentureholders cla

Shares transfer deed validity

Can any one tell what was validity of share transfer deed from 2001 to 2016 for transfer of physical share certificates

Transfer of shares in cash

Can shares be transferred by one person to another personfor cash If yes then how and what is the procedure Are there any restrictions in this regard as per companies act 2013 or Income Tax act or any of the regulations in force

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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

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Articles

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


Process to obtain reverse the shares from IEPF


Provisions of Investor Education and Protection fund Transfer of Dividend Any money transferred to the Unpaid Dividend Account of a company in pursuance of this section which remains unpaid or unclaimed for a period of seven years 7 year and 37 days from the date of declaration of dividend from the


Voting Rights of Preference Shareholders


Generally voting rights are available only to the equity shareholders of the company Preference shareholders do not enjoy normal voting rights like equity shareholders The basis for not allowing the preference shareholders to vote is that the preference shareholder is in a relatively secure position


Sale of shares by a person resident in India to a non resident through E-biz portal


Reserve Bank of India RBI has liberalized the provisions relating to foreign investment which comes into India Foreign investment comes into India in various forms and is required to be reported to RBI This articles deals with the Reporting of Transfer of Shares by a Person Resident in India to a No


Why CA Course is First Preference of Students & Opportunities for CAs


CA COURSE If you ask from a student who just passed class 12 about future plan then he will say that he want to do CA course despite knowing about the passing percentage ICAI was established in 1949 and in this past 67 years we have only 300000 CAs Approx whereas we have a population of 125 Crores o


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Updated on : 2/25/2017 6:14:12 PM


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