I am a member of NSE. I usually give some collaterals to my clearing member for taking exposure in FO segment. I like to give approved Liquid funds for Liquid part of collateral rather than Bank FD, as I get some tax benefits in the Liquid funds than Bank FDR. Also, at the end of every 6 months, I should submit my Networth statement to NSE. I should calculate my Networth using L C Gupta method, which is as follows



Format C-1A

Method of computation of Networth as per Schedule VI of SEBI (Stock Brokers and Sub-brokers) (Second Amendment) Regulations, 2013 / Dr. L.C. Gupta Committee Report

The method of computation of Networth as prescribed by Schedule VI of SEBI (Stock Brokers and Sub-brokers) (Second Amendment) Regulations, 2013 is as follows:

Capital + Free Reserves

Less: Non-allowable assets viz.,

(a) Fixed Assets

(b) Pledged Securities

(c) Member’s Card

(d) Non-allowable securities (unlisted securities)

(e) Bad deliveries

(f) Doubtful Debts and Advances*

(g) Prepaid expenses, losses

(h) Intangible Assets

(i) 30% of Marketable securities


All my share holdings like Reliance, Tatasteel, shares would be categorised as “Marketable securities” and I reduce 30% of those value from my Networth. Similarly I did for my holding in liquid funds like, ICICI Liquid fund, L&T liquid and Axis Liquid fund (ISIN INF109K01Q49 , 11537287 , INF917K01JH1). But One person from NSE Called me and told that I should not categorise these liquid funds as “Marketable Securities” because they are not traded in market. Only ETF are “Marketable securities”, Instead I should reduce all the value of my investment in mutual funds as “ (d) Non Allowable Securities (unlisted Shares). “. If I do that my Networth would become lesser than the eligibility criteria to be a member. Therefore, I am forced to invest in Bank FDRs instead of Liquid funds in order to maintain my Networth.

I kindly request you to tell me whether these liquid funds (ISIN INF109K01Q49 , 11537287 , INF917K01JH1) are “Marketable Securities”? This would help myself and my TM friends to a great extent!

Thanks
A Swaminathan

Dear Sir,
A pvt. Ltd. company has not filed for commence of business in eForm INC-20A within 180 days of its incorporation. Now it wants to file it but same is not allowed to be filed. The error message displayed on the screen suggests to file eForm INC-28 first but the said form is for order of a court, Tribunal etc.
Due to this other forms of mca couldn't be filed in time and additional fee/penalty is being imposed.what are the options available with the Company now? Please help out.
Thank you.

Hello,

I was taken PTRC Registration as on April 2018 but doesn't use TIN No.
Plz. Tell me Return and Payment Process.

Regards,
Sujata

.Can a Foreign Organisation (USA) Open a bank A/c in India.
The proceeds of the sale from the property in India of XYZ Inc USA (Foreign Organisation) can be deposited or credited to India's bank account.
Would it be consider as overseas remittance from funding agency or it would be the local contribution.?

Please help.

One person was engaged in Pvt. Ltd. company and now after resignation do own bussiness.

He want to withdraw his deposited PF but employer is denying for online approval as well signing of hard copy of PF claim form.

So, what would be the remedy for that person to withdraw his provident fund. The case pertains to Delhi region.

We tried to connect with PF helpline no. but that no. is always not reachable.

Please guide.

Thanks,
Amit

Dear Sir,
One among my friends is doing CA IPCC. But now his status in the site shown as required for revalidation..Now I would like to know that how I will help him....Kindly give me the procedure&link for Re validation

my old ptec number is 12110019004900, how to check my new ptec number??

Kindly help me with the draft copy of changes due to death of partner in partnership deed

please can you help me with draft copy of partnership deed in case of death of a partner

What happen if spice form is not submitted with other linked form at the time of resubmission?