Hi Sir/Madam,

I want to know if a company purchase some shares from the other shareholder, is it required to keep a nominee shareholder as well because in this case a company is becoming a shareholder of another company. Let me draw a example to get it more clear
Example: Let say if Mr.A company purchased 10000 shares of Mr. small b (who is a shareholder of Mr. B company holding shares of 10000 out of total 20000 shares), in this case is it required for Mr.A company to keep a nominee shareholder (since a company is becoming a shareholder of another company).

Kindly let me know, it will be very helpful for me and thanks to everyone who left there answers here to enlighten me. It will great if you let me know the section or any provision regarding this.

Thank you.

Dear Sir,

i request to you please guide regarding Pvt. Ltd. Company shares transfer from NRI to NRI.
- what is procedure?
- Intimate to RBI?
- others

your co-operation will be highly appreciated.

Regards
Rajnish

We  Established a software  company with two resident indian shareholders ( 99%  and 1% each one respectively). This software company has a 100% wholly owned subsidiary engaged in fdi not allowed agricultural and  construction of  farm house business. Now One Shareholder who had 1% willing to sell shares to Foregn Residents through FDI.In these circumstances,Is  FDI allowed in a software company which has an FDI prohibited subsidiary company?

Hello. We are new startup. We have paid up capital of 1 lakh and authorised capital of 10 lakhs, face value is 10. Two directors with 50/50 split= 5000 shares each. Now we have an invester with 1 lakh rupees and we want to give 1000 shares to him. In Form SH4, under consideration recieved shud we mention as 1lakh rupees??

I am having long term capital loss on listed shares in the financial year 2019-2020. Do I need to fill the schedule 112A or I can directly fill the Long term capital loss in schedule CG of itr 2? Is filling the schedule 112A mandatory?

We know LTCG tax is levied on gains beyond one lakh rupees in case of redemption of mutual funds. For this, the gain is calculated for each fund separately as its investment, NAV s and start and end dates are different. My query is whether the one lakh limit per year is for each fund or the total gain on all the funds in a year. Please clarify.

Sir,
Assessee trading shares on the basis of delivery basis through Stock Exchange paid STT. How to treat the trading of Sales turnover as business income or STCG on shares(assume holding below 12 months)?

ASSESSEE HAS NORMAL BUSINESS HAVING TURNOVER OF RS. 12 CRORE. HIS BOOKS ARE SUBJECT TO AUDIT. SALE OF SHARES 97 LAC AND 1.00 CRORE PURCHASE OF SHARES. TRADING IN DERIVATIVE INTRADAY 58 CRORE. SUM TOTAL OF PROFIT AND LOSS IS RS. 20 LAC AND ACTUAL LOSS FROM SHARES AND DERIVATIVE IS RS. 3.00 LAC. STT HAS BEEN PAID ON THESE TRANSACTIONS AND TRANSACTIONS ARE CARRIED OUT FROM RECOGNISED STOCK EXCHANGE.
QUERY- 1. WHETHER TAX AUDIT APPLICABLE FOR SHARE TRADING AND DERIVATIVE TRADING BUSINESS? 2. LOSS FROM DERIVATIVE AND SHARE TRADING ARE SPECULATIVE LOSS OR NON SPECULATIVE ? 3. HOW TO SHOW ABOVE TRANSACTIONS IN ITR. SHARE AND DERIVATIVE ARE NOT GOODS OR SERVICES AS PER INCOME TAX ACT. HOW TO REPORT IT IN PROFIT AND LOSS ACCOUNT.

Can anyone please tell me. I want to be Investor like warren bufffet and Mr. Rakesh Zumzumwala. Right now I am student of CA Final . What Shall I do . Shall I Do Charter Financial Analysts. Which Books Shall I read to increase the knowledge of share market. Which newspaper. Which News Channel. Whose Blogs should I read ?. Shall I join any Investment firm of CFA to increase knowledge of share market as now I am doing articalship in CA Firm in Taxation and Audit.

How shall I Start Investing, Shall I do any further courses of share market . Please Guide. Please

Sir/Ma'am
I live in ghaziabad uttar pradesh . I invested in a pvt ltd company in may 2019 based in Tamil nadu as a shareholder having 49% equity in that company. I have all the documents of two directors who are husband and wife having 51% equity and both are directors . At the time of getting share certificate for the same , He also gave me well endorsed (signed and stamped with company ) cheque (post dated to may 2020) worth total sum i paid against shares. As time went on,
I as a shareholder kept askign him on monthly basis about what and hows business going on? but he didn't respond me satisfactorily. Later he himself told me to get separated on good note from company , I suddenly agreed without thinking . As per our shareholder agreement (If either of the shareholders desire at any time to sell the whole or part of their shares of the company, the share holder first offer such shares in writing to other shareholder . If other party does not accepting within 90 DAYS , then first party will be at the liberty to sell the shares to any other person at the same price and the same conditions) and also stated in agreement( Shareholder will be entitled to interest at the rate of 18% per annum on the sums brought in by him or his associates/concerns/businesses) .He told me he would forward the refund request to his CA. I sent him mail regarding refund and after 90 days approx, i asked him about refund , he said he is searching for another investor , I was unable to understand what happened to request made to CA by him , why should i suffer? if he is not able to find another investor, He didn't conducted any AGM and even not provided me audit report .Still i gave him some more time BUT as time progressed, he stopped responding . I used to interact over whatsapp and sometimes email .He is also not responding over repeated email/whatsapp from my side. The final thing is that I have with me , the cheque dated 5 may 2020(3 months validity) , share certificate and company docs, id proofs of owner, passport copy .

Q- He also issued me SECURITY CHEQUE with same amount i paid subscribing equity shares. CAN I GO TO BANK TO ENCASH THE CHEQUE IF CEO / DIRECTORS NOT RESPONDING TO GET MY INVESTED MONEY BACK.

Q - AS i have only 2 months remaining to use cheque. What should i Do?

Q- Can company sue me under COMPANIES ACT 2013 on ANY grounds merely for using SECURITY CHEQUE.( AS company) ITSELF NOT RESPONDING ME

Q- Is MCA investor service effective for startup company

Q- As a new and beginner investor ,,,,what should i do get money back without getting into much legality

Q- what proper should i go for?