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

Compulsory of vat/tin no.


Dear Sir Madam A Handloom Firm having excess Turnover of 1 crore or more so the Tin No is compulsory or not for Him The Firm Sales include Central Sale against Tax Free

Preference share application money


Hello everyone I would like to know whether a private limited company is required to pay any interest on application money pending for allotment

Capital gain on shares of a foreign company


An employee works for a Wholly Owned Indian Subsidiary of a Foreign Company He is given Shares of the Foreign Parent Company under the ESOP Scheme The perquisite value of these shares are included in his Total Income for the relevant Assessment Years for taxation purpose On retirement from the Compa

Issue of shares at a premium and at a par


Whether a private company can issue shares at a premium to somone and at par to other one in a same allotment of securities

Query regarding allotment of shares


Respected Sir In Case of allotment of Shares by way of conversion of loan into equity whether it comes under Consideration for cash or other than cash In case of consideration other than cash A Director also a share holder gave unsecured loan of Rs 50 Lakhs The company went for rights issue and he w

Discussion

is mock test compulsory to attend ..

Dear Student Attend webcasts and Mock Tests for your May 17 exam Or Contact your local Branch for more detailshttp bit ly 2nu3qzpTeam BOS ICAIi want to know whether attending in mock test organised by icai is compulsory for appearing ca final may 2017 may 2017 is my 3rd attempt

Karta of huf is beneficial owner of shares or not

A Company has allotted shares to HUF As HUF cannot be a shareholder in Company name of Karta of HUF is entered in the Shareholders Register of Company Please suggest whether in such case compliance of section 89 of companies act 2013 which talks about declaration of beneficial ownership with Company

Shares held by directors out of india on behalf of co.

Dear All Seniors My Company has a WOS in China Directors of the Indian company are also directors in that China WOS Company Further China WOS expanded its business and formed a Company in South Africa and so one Director held shares on behalf of China Company only for the formation of Company e g 1

Tax on short term gain on shares

I am salaried employee in PVt ltd company I have purchase and sold shares in F Y 2016 17 What will be tax rate for the said short term gain Will i have to pay this tax if my total income including salary is below taxable limit How can I show this gain in IT return form

Preference share application money pending for allotment

Hello everyone I would like to know whether a Private Limited Company is required to pay any interest on preference share application money pending for allotment

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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

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


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


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Updated on : 3/20/2017 1:55:19 PM


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