Wether share broker can claim bad debts as expenses in his income while computing taxable incom ?

RBI Press release dated 08/04/1999 provides as follows:

“A company will be treated as an NBFC if its financial assets are more than 50 per cent of its total assets (netted off by intangible assets) and income from financial assets should be more than 50 percent of the gross income. Both these tests are required to be satisfied as the determinant factor for principal business of a company.”

My query is as under:

What is the meaning of “financial assets” as used above with respect to an NBFC?

Does "financial assets" here include investments in shares of private or unlisted securities?

Members are requested to advise.

Hello,

One of our client is a Pvt LTd Company and with authorized capital of 30Lakhs and subscribed capital of 20Lakhs, consisting of 20,000 share of 100 each, the major share holders of the company sold their shares (around 19000 shares) for a premium of 900Rs, to another person, My quiery is as both the parties involved including the pvt ltd company is our client, i neeed to know how to account the shares purchased in books of purchaser? and will the seller would be liable to capital gains? and also how to reflect these transaction in the books of company as the company has only the land & building in its book and doest not have any business started yet.

regards

My father-in law is having 10 Shares of Reliance Industries Ltd. The Share Certifiacte is in Paper from. As he purchased the shares way back 15 yrs, and still not bothered to convert into DEMAT......

Would he face any problem in converting the Certificate to DEMAt, especially when he does not have a PAN Card ?

In case, he want to transfer the share in my wife's name is that possible ?

Please clear my ambiguity

With thanks in advance

SUJIT

Sir,
I as we all know that there are all types of big to small list of formulas in MAFA for valuation of stock of a company, capital bdgeting,valuing investment opportunities, etc.

What I need to know is that how far do we actually use them in pratice? Do we actually calculate beta, weighted avg cost of capital, etc...what about the assumptions we take...
kindly enlighten.

what isthe diference between the share trading, derivative transaction & the speculation transaction with illustration

We are going to issue debentures shortly, my doubt is how to allocate registered folio number to various allottees, also how to manage this register properly

Please help


Regards

P. Raja

what is mean by fractional shares.

fractional shares get money face value, market value, book value . which is correct.

A stock broker has not given the credit of my payment in my trading account with him. I have proof of payment as bank statement. But this transaction is two earlier. Now his is saying that do whatever you want to do. What can I do. Please suggest.

plz give breif idea for prefrential shares , cummulative , redeemable or irredeemable shares