Anonymous

Dear all

I want to know about share market, how Increase or Dicrease of share rate and if sensex down in sharemarket automatically financial position will be down why?

please explain or suggest any web site to get complete information about share market


Archana Das
13 July 2012 at 20:01

Life insurance

Respectd all,
i want to know the difference between ULIP and a normal Life insurance. also state which 1 is bettr.
thanks in advance


Upma Madan
13 July 2012 at 13:03

Shares to minor

1. Can shares be issued or transferred to minor?
2.If yes then whether his name be admitted in register and share certificate be issued in this name??

Thanks in advance



Anonymous
13 July 2012 at 00:27

Future & option income/loss

act says
Definitions of certain terms relevant to income from profits and gains of business or profession

speculative transaction" means a transaction in which a contract for the purchase or sale of any commodity, including stocks and shares, is periodically or ultimately settled otherwise than by the actual delivery or transfer of the commodity or scrips:

Provided that for the purposes of this clause—

(a) a contract in respect of raw materials or merchandise entered into by a person in the course of his manufacturing or merchanting business to guard against loss through future price fluctuations in respect of his contracts for actual delivery of goods manufactured by him or merchandise sold by him; or

(b) a contract in respect of stocks and shares entered into by a dealer or investor therein to guard against loss in his holdings of stocks and shares through price fluctuations; or

(c) a contract entered into by a member of a forward market or a stock exchange in the course of any transaction in the nature of jobbing or arbitrage to guard against loss which may arise in the ordinary course of his business as such member; 34[or]

34[(d) an eligible transaction in respect of trading in derivatives referred to in clause 35[(ac)] of section 236 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956) carried out in a recognised stock exchange;]

shall not be deemed to be a speculative transaction.

look at point (b) & (d)..... since as an investor I hold shares & transaction is done electronically so does it means it is not an speculative income hence not income from business or profession

if, anywhere else also in the act it is mention plz share



Anonymous
12 July 2012 at 23:58

Future & option income/loss

hi,
1. is it mandatory to show F&O loss in ITR
2. Whether F&O transactions are business income/speculative income/capital gain for a salaried person (who is not a sub broker/employee in a brokerage house/professional trader),
3. act says "speculative transaction" means a transaction in which a contract for the purchase or sale of any commodity, including stocks and shares, is periodically or ultimately settled otherwise than by the actual delivery or transfer of the commodity or scrips:

Provided that for the purposes of this clause—

(a) a contract in respect of raw materials or merchandise entered into by a person in the course of his manufacturing or merchanting business to guard against loss through future price fluctuations in respect of his contracts for actual delivery of goods manufactured by him or merchandise sold by him; or

(b) a contract in respect of stocks and shares entered into by a dealer or investor therein to guard against loss in his holdings of stocks and shares through price fluctuations; or

(c) a contract entered into by a member of a forward market or a stock exchange in the course of any transaction in the nature of jobbing or arbitrage to guard against loss which may arise in the ordinary course of his business as such member; 34[or]

34[(d) an eligible transaction in respect of trading in derivatives referred to in clause 35[(ac)] of section 236 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956) carried out in a recognised stock exchange;]

shall not be deemed to be a speculative transaction."

but nowhere it is written that derivatives dealing is a business income, is anywhere in Indian Income tax act it is mentioned please share it with all


khushal singh
12 July 2012 at 17:08

Basic knowledge of shares

respected sir,
i want to know about the basics of shares . which shares to choose ,wat things to be seen while choosing it.
i am a biginer in this world
plz luk into my query



Anonymous
12 July 2012 at 16:58

Minimum sh application money

Issued 6000 shares of Rs 100/share at a premium of 40%. what is the minimum application amount to be collected per share??? plz give the required details as to minimum % to be collected ?


Himani Shah
12 July 2012 at 10:37

Share purchase agreement

Dear Experts,

Kindly let me know what is the Validity Period of a Share Purchase Agreement.

If the parties have entered into Share purchase Agreement on 10/07/2012, then till what date this agreement will be valid??

kindly also provide reference to the sections and the Acts which govern this matter...

Kindly reply at the earliest..

Regards,
Himani


Puran Chand
08 July 2012 at 07:36

About 1992 bonds.

Step-I: I sent a message to IDBI

Respected Sir/Madam,
I Puran Chand S/o Sh. Nasib Chand, Residing of Village Surn , P.O Dalsar Teh Ram Nagar , Distt. Udhampur, Jammu and kashmir
1.Under This Address My Father Sh. Nasib Chand Purchased a DDB Series I Certificate No. 01270690, I want to Know Status of this Deep Discount Bond.
2. From the very long time we are not received any letter regarding this.
3. I Requested to you, Please send us a Confirmation Letter On Our New Address:-



STEP-II: They Reply to me

these 1992 bonds were called back by idbi on 31/03/2002.

therefore please advise the customer to submit the following documents directly to IDBI Head office, Mumbai (since Karvy has been appointed as new registrar)

following documents are required

1. form 15g
2. copy of pan card of 1st holder
3. a forwarding letter specifying 1st holders present address and bank
detail
4. signature of 1st holder has to be attested


on receipt of the same, we will redeem the bond and release the payment.
appx amount per bond Rs 17000/-

will get Rs 12000/- (redemption value as on 31/03/2002) along with
additonal interest @3.50% per annum from the date of call option to till the
date of payment.


Step-III: In short i want to know through CAclubindia expert, i have a certificate of these bond, in which Redeemable amount as on 31 March, 2017 is Rs.100000/-, am i get that (Rs.100000) amount? or give good suggestion.


CS KINJAL SANGANI
07 July 2012 at 15:03

Sebi disclousers

Hi, Can anyone help me to make it clear that what is the difference between Regulation 18 (6) and Regulation 29 (2) of the Sebi, so what kind of disclosers are made in respect of it and to whom , Please let me have the exact details in respect of this.





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