C.A. C.S. Meera Doshi

A Private Ltd Co ( unlisted company ) has two directors cum members, they want to transfer their shares to the incoming new directors. Following are the queries-
1. Form 7B needs to be filled for transfer of shares, if its an unlisted pvt ltd company?
2. If the company is in Gujarat, then what will be the stamp duty applicable?
3. Form 7B can be downloaded and filled or needs to be purchased from the stock exchange or some recognised vendor?
4. Procedure for affixing the stamps?



Anonymous

If shares are sold by a foreign company to an individual at cost of acquisition, what would be the tax impact? dCf valuation will have to be done for income tax and FEMA purposes? Kindly advise? Capital gains would be nil? Tds required to be done.


Manish Melana
17 June 2013 at 16:01

Share transfer in the same name

Hi all,

I have 1000 physical shares purchased in my own name in 1989 ie., Manish Rameshwarlal Melana now i want these shares to get demat in my demat account but the problem is my all further accounts are in the name of Manish Melana.

Now i want to remove the middle name from the shares and got it demated in my demat account.

What is the procedure?
How i need to transfer in my own name?
What will be the tax implications in that case.

Please guide me how to proceed further



Anonymous
15 June 2013 at 17:10

Transfer of shares

I need to transfer shares of a closely held company, in both private and public. In my case, in most of the companies, the transferor needs to transfer his shares either to his brother or son of brother.
Now, what is the best way of transfer. either to sell or to gift.
Kindly, if u can help in finding out the consideration amount in both the case.


sathyam
12 June 2013 at 16:09

Fdi in private indian company

Dear Experts,

One of my clients has just started the electric vehicle maufacturing concern as a private limited company. He would like to recevie FDI to the extent of 10% of share value. The foreign company will have 10% share in the indian company. Whether the foreign contribution can be transferred to the indian company's bank account under AUTOMATIC APPROVAL ROUTE under FDI POLICY. Is there any other formalities. The total capital would be 10 crores and the FDI would be 1 crore ie 10% share. Pls guide me.


gaurav
10 June 2013 at 16:59

Industrial trainning

I am doing my airticleship and completed 1year and 3 months. I want to build my carrier in finance
I want to know whether industrial trainning under a finanicial company will provide me benefits or not


vilas yeole
07 June 2013 at 11:14

Shares

if shares are purchased from x co by client than what entry is passed in the book clients bank book which a/c is debited brokers a/c or x co shares a/c. how this entries are passed plz tell me.


Prajot P. Volvoikar
05 June 2013 at 18:10

Mutual fund statements

Dear sir
I am doing accounting of a client who has lots of investment in mutual funds.
can i get a statement of all the mutual funds he is holding along with transactions (irrespective of weather there is any transactions in the current year or not.)

Regards
prajot


Student
23 May 2013 at 02:21

Share holder rights...

Hi Team,

I have a query regarding the rights of share holder...As we all know that Shareholders represent the ownership of the company and the management is fully committed to provide maximum value to the shareholders.

Now I have Shares of So Many Companies (for e.g. A to Z)...here in these companies I'm getting devidend from the companies end and also getting discount offers on consumer durable items from there end on the products which those companies manufacture.

However there is one company (Maruti Suzuki) and the management/employees are enjoying the benefits/Discount Offer on the products manufacture (consumer durable items )by the company but the company is not ready to share the similar discount offer with there shareholders on the product which company manufacture(consumer durable items ), where as the offer which company is giving to its management/employees (All Employees) are enjoying, But still the Shareholders never fight with the organization or indulge in any illegal activities for e.g. The Manesar Plant Case where the Organization lost the life of some of its Esteemed Officers and infrastructure loss besides fire, strike etc… and MSIL bear the entire loss of the organization/ product manufacturing plant with the money invested by its investors.

As per the company the Shareholder will get the similar offer which they have launched for other customers and rest the shareholder can avail only dividend on the same.

Does the memeber in this forum and investor thinks that this is correct.

As we all know the there is a crunch in market and the sales are droped as compare to the previous months.

Being a shareholder of the company who represents the ownership in the company I can say onething if the company issue a policy in the market where in they mention who so ever invest in there shares/company (Min. Quantity) and stick with the company for atleat 6months then the shareholder is also eligible for the discount offers but the management is not ready to accpect the same.

Please let me know weather is it correct the offers are only for Employees not for shareholders and the same employees are indulge in any illegal activities for e.g. The Manesar Plant Case where the Organization lost the life of some of its Esteemed Officers and infrastructure loss besides fire, strike etc… and MSIL bear the entire loss of the organization/ product manufacturing plant.

If i'm asking something from the company I'm asking this as the shareholder represent the ownership of the organization.


I would request the Forum Members and the Shareholders to share there views on the above mentioned query.

Also I would request the Shareholders if possible please come in the forthcoming AGM and raise the voice on the discrimination which the company/management is doing between its shareholders and Management/Employees on 27-August-2013.



Anonymous
20 May 2013 at 10:05

Listing status

Dear Prominent Experts
Company listed on Regional Stock Exchange i.e. Ahmedabad Stock Exchange But Listing Revoked due to the non-compliance of Quarterly requirements then Is it Treated as Listed or Not?





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