Dear All,

I have to sale shares which were purchased on my behalf by my friend which were later on transfered to me.

My query is,

1) What would be taken as cost of acquisition?

2) To categorise sale as long term or short term which date is be taken into account?

3) Any tax implication on my friend for transfer of shares in my fvr?

Since Its in Hand of RBI That How Much Currency to be Issued, Then What is the Criteria of Issuing Currency by RBI.
Whats The Limit.
How It Get Checked.

a public company has incorporated a wos.It has seven members out of which six are individuals and one is the holding co. The beneficial interest of the shares held by six individuals in the newly incorporated subsidiary were transferred to Holding company and requisite declarations in form for filing filing form 22b was obtained.

my doubt is
1. whether this transfer of beneficial interest should be accompanied by a transfer form?
2. should this transfer be adopteed in a Board meeting?

Respected experts
My total turnover(intrady cash+delivery+FNO) in stock trading in AY 2011-12 was around 15 Lac rupees. On the whole I made a loss of around Rs.10,000(20000 profit on delivery trades, 30000 loss in intraday) in stock trading.
I was told that if your profits are less than 8% of the turnover or you made loss, than you have to get the audit done.
My toal income for the year(rental from house property+bank interest) was around 1 lac, 20 thousands, hence below taxable income.
Was I wrong in not getting the audit done ?
If so what could be the consequences ?
Thanks in advance

Sir,
There's a private limited company of authorised capital of 25L..out of which 24L is subscribed..now further i wanted to know that can we increase the authorised capital of the company and we have to issue the balance 1L share capital can we..whats the procedure of all this..In that company there are 2 directors with 63% and 25% share..The director who is having 63% share creating troubles in smooth functioning of the company..so what all rights hw have and can he access them without the consent of the other director..Can we increase the share of the other director by issuing more shares oh his favour..??or is there any other remedy available to the other director..??can he remove the director from the company,as he is not ready to leave the company..Plz help me regarding this ASAp..!!

Hi,

we have incorporate a new company for authorised capital Rs.1,00,000/- and increase it by Rs.9,00,000 i.e. Total Rs.10,00,000/- now and we have filed Form 5 & Form 23 for the same.

Now the question is we want to file Form 2 for paid up capital so which amount will come in the Form 2? Rs.9,00,000 or Rs.10,00,000?

Dear All,

One company was purchased by my company in 2009, but the shares were not transferred till 31.3.2011.

From the MCA data i have retrieved the shareholders list as on 31.3.2011 from the annual return of the company.

Now i need to transfer these shares, but i do not have the distinctive numbers against the shares of the previous holders.

Can i transfer the shares bearing distinctive numbers starting from 1.

Plz help. The name of the company has also been changed after purchasing.

what is shares and how it issue.
what is stock
is there any difference between share and stock

A man aged 60 years has a share of ITC in his name worth Rs.8 lacs . He had died recently living his 4 major sons.Now all the son wants
to distribute shares of ITC equally among them and want to transfer this shares in their own name. what is the procedure for taking shares in their own name and what will be the tax implication if it is a tranfer? Whether they have to prepare Succession Certificate for taking Shares in their own name?

A pvt ltd Company wants to change its primary object to derivatives trading. What are the regulations to be seen for the same?

Pls want detail with reference to regulations.

what are the regulations on rbi, sebi & any other for carrying derivatives trading after changing the main object?