JAMES VERGHESE

In a private company, two directors(husband & Wife) were there, in which, one of the director expired. What is the next procedure to transmit the shares and ROC Filing

Please guide me


Bhavani Kumari
04 February 2021 at 20:22

Acquisition of Shares

Hi Sir/Madam,

I want to know if a company purchase some shares from the other shareholder, is it required to keep a nominee shareholder as well because in this case a company is becoming a shareholder of another company. Let me draw a example to get it more clear
Example: Let say if Mr.A company purchased 10000 shares of Mr. small b (who is a shareholder of Mr. B company holding shares of 10000 out of total 20000 shares), in this case is it required for Mr.A company to keep a nominee shareholder (since a company is becoming a shareholder of another company).

Kindly let me know, it will be very helpful for me and thanks to everyone who left there answers here to enlighten me. It will great if you let me know the section or any provision regarding this.

Thank you.


Rajnish

Dear Sir,

i request to you please guide regarding Pvt. Ltd. Company shares transfer from NRI to NRI.
- what is procedure?
- Intimate to RBI?
- others

your co-operation will be highly appreciated.

Regards
Rajnish


Sravan kumar
23 January 2021 at 19:54

FDI-FEMA Act

We  Established a software  company with two resident indian shareholders ( 99%  and 1% each one respectively). This software company has a 100% wholly owned subsidiary engaged in fdi not allowed agricultural and  construction of  farm house business. Now One Shareholder who had 1% willing to sell shares to Foregn Residents through FDI.In these circumstances,Is  FDI allowed in a software company which has an FDI prohibited subsidiary company?


Pradeep B
05 January 2021 at 17:15

PVT LTD SHARE TRANSFER

Hello. We are new startup. We have paid up capital of 1 lakh and authorised capital of 10 lakhs, face value is 10. Two directors with 50/50 split= 5000 shares each. Now we have an invester with 1 lakh rupees and we want to give 1000 shares to him. In Form SH4, under consideration recieved shud we mention as 1lakh rupees??


PRIYA
25 December 2020 at 23:12

Long term capital loss

I am having long term capital loss on listed shares in the financial year 2019-2020. Do I need to fill the schedule 112A or I can directly fill the Long term capital loss in schedule CG of itr 2? Is filling the schedule 112A mandatory?


ksr prasad
23 November 2020 at 22:06

LTCG Tax

We know LTCG tax is levied on gains beyond one lakh rupees in case of redemption of mutual funds. For this, the gain is calculated for each fund separately as its investment, NAV s and start and end dates are different. My query is whether the one lakh limit per year is for each fund or the total gain on all the funds in a year. Please clarify.


Rave Erd
06 November 2020 at 18:49

Capital gain or business turnover

Sir,
Assessee trading shares on the basis of delivery basis through Stock Exchange paid STT. How to treat the trading of Sales turnover as business income or STCG on shares(assume holding below 12 months)?


JYOTI GOEL
18 October 2020 at 13:27

SHARE TRADING LOSS

ASSESSEE HAS NORMAL BUSINESS HAVING TURNOVER OF RS. 12 CRORE. HIS BOOKS ARE SUBJECT TO AUDIT. SALE OF SHARES 97 LAC AND 1.00 CRORE PURCHASE OF SHARES. TRADING IN DERIVATIVE INTRADAY 58 CRORE. SUM TOTAL OF PROFIT AND LOSS IS RS. 20 LAC AND ACTUAL LOSS FROM SHARES AND DERIVATIVE IS RS. 3.00 LAC. STT HAS BEEN PAID ON THESE TRANSACTIONS AND TRANSACTIONS ARE CARRIED OUT FROM RECOGNISED STOCK EXCHANGE.
QUERY- 1. WHETHER TAX AUDIT APPLICABLE FOR SHARE TRADING AND DERIVATIVE TRADING BUSINESS? 2. LOSS FROM DERIVATIVE AND SHARE TRADING ARE SPECULATIVE LOSS OR NON SPECULATIVE ? 3. HOW TO SHOW ABOVE TRANSACTIONS IN ITR. SHARE AND DERIVATIVE ARE NOT GOODS OR SERVICES AS PER INCOME TAX ACT. HOW TO REPORT IT IN PROFIT AND LOSS ACCOUNT.


Dnyaneshwar Chandrakant Dhakip
10 September 2020 at 17:50

About Share Market

Can anyone please tell me. I want to be Investor like warren bufffet and Mr. Rakesh Zumzumwala. Right now I am student of CA Final . What Shall I do . Shall I Do Charter Financial Analysts. Which Books Shall I read to increase the knowledge of share market. Which newspaper. Which News Channel. Whose Blogs should I read ?. Shall I join any Investment firm of CFA to increase knowledge of share market as now I am doing articalship in CA Firm in Taxation and Audit.

How shall I Start Investing, Shall I do any further courses of share market . Please Guide. Please







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