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meenakshi somasundaram
19 September 2023 at 21:56

Demat last date 30/9/2023

Is dematerializing physical form of shares possible after 30/Sep. 2023.
A company of which I am a shareholder. holds physical form of shares.
The company has been dissolved. I am trying to reinstate the company after coming to know of a left-out asset as a major shareholder.
Informed the Official liquidator, He has acknowledged the appeal.
I am moving in the High court.
The last date for dematerializing is 30.9.2023.
Do I stand a chance of retrieving the shares of ICICI which is the asset of the dissolved company?

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Madan Singhal
22 August 2023 at 11:39

Dividend paid on foreign stock

A US-based company, referred to as Company X, is in the process of being acquired by Company Y. This acquisition is structured as a 50-50 deal, with a combination of cash and stock. Specifically, for each share of Company X, shareholders will receive a combination of cash and Company Y's stock. The cash portion is equal to 50% of the current value of Company X's stock, and the number of Company Y's shares received is determined by dividing 50% of the current value of Company X's stock by the current value of Company Y's stock.

Now, when it comes to the cash portion received by shareholders of Company X, this is being treated as a dividend. The US government imposes a 30% tax on this dividend amount. My concern is whether it's possible to recover or reclaim this deducted tax money. It appears incorrect to me to pay a 30% tax on what is essentially not a traditional dividend. Adjusting it with stock P&L will not yield any benefits.

Is there a way to potentially recover or mitigate this 30% tax without affecting your profits?

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Pankaj Jain
27 June 2023 at 17:38

Off Market transaction

Sebi has recently put a category of shares under ESM category wherein trading is permitted once a week on Monday. We wish to buy some shares from off market of one of the company shares under ESM since their shares are under freez in last 1-2 trading weekly session so need your advice whether we can buy off market at the last traded price

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CA Abhishek Singh
07 May 2023 at 07:49

Calculation of value of equity ??

rs 10. Pd up Val. 100000
FII 5000 shares. 10. 50000
ESOP 5000 share. -- ----- Total. 150000
In 1st 2nd and 3rd Yr shares are likely to vest 20% , 30% and 50% out of which 80% shall get subscribed

Calculate the value of equity ?

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meenakshi somasundaram
02 March 2023 at 16:19

Unclaimed shares

I am a major shareholder of a company, 33%, The management of the company have transferred money, raw material, to their sister concerns. The company had large volume of shares in a bank, The saud bank became ICICI two and a half decades back. The shares grew in volumes again after share split, rights issues and bonus shares,

The management of the company transferred a junk to its principal company, pledged the shares to advance its growth. A residue of few thousand shares was with the company. The company became a defaulter in all angles, bank repayment, sales tax arrears, Pf arrears, workers salary arrears. It was taken by ARCIL and subsequently the Official Liquidator takes control,
Its valuable properties, building and machinery were sold to paay the arrears, Having done, without informing the shareholders the company was dissolved by the liquidator in 2020 August,

To everyone's surprise the shares of IICI remains untouched. The dividend was claimed by the Official Liquidator for 2 years and the remaining remains unclaimed.

As the shareholders have not been intimated and not been taken care off can they stake claim of the shares lying with ICIC?

Is it possible?

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r venkatesan

Sir a proposal for investment in another state private limited entity is planned, Investor is in one state and the investee is in another state, Investee has no tangible assets for security. Either way, short-term operation will be an accumulation of losses since the project will generate revenue after six months only, with gradually the income increasing over the years, and profit is estimated from year 1 end only. Under the circumstances, the option of keeping the funds as share application money say for a period of one or two years, and then if revenue and profit starts flowing, can it be converted into equity, b, till conversion, is the fund a liability or part of the capital, c, will the losses during this period will impact the investor d. alternatively will convertible debenture route will be better even though, if there are losses, there is no recourse to recover the debt in any manner, awaiting your guidance, with regards Venkat bashyam 9944446349 ssv

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Syed Hasan Safdar
24 November 2022 at 08:57

Filing of Form IEPF-5

Can a CA fill up form IEPF-5 on behalf of his /her Client?

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21 November 2022 at 17:48

How to know investment made though IPO

how to know investment made by a company/Firm by IPO.
in which company made in investment made.

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Syed Hasan Safdar
15 November 2022 at 16:18

Unble to login on MCA/IEPF portal

Respected Sir, I created an account on MCA portal using my mail id Whenever I try to log in using user name as safdar_1957, A prop up shows username must be pattern of 8-11 alphanumeric characters. I want to file on line iepf-5 form to claim back of my shares transferred to IEPF. Any solution.

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09 August 2022 at 20:45

Rate of Stamp Duty in West Bengal

Sub. Reliance Industries Ltd. -
Market value of shares less than 1 lac.

What the rate of stamp duty in W. B. for claiming refund of Equity shares from IEPF (Investor Education & Protection Fund) ?

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