sir i am a Share Broker having number of accounts of clients. i have one client who did a trade and could not match the balance in accounts , so i did that trade in my own trading account taking SOME AMOUNT CHEQUE from client. Now profit or loss belongs to m or him , if i return his principle and profit/ loss by cheque.
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Dear All,
I have a doubt regarding preference shares .
We have received funds of Rs. 10.8 lakhs from the lender as subscription money for issue of preference shares on 31-08-2012 .
But in the annual return for 2011-12 we have not mentioned about this issue .
Now we wont be able to file Form 2 prior to 31-09-2012(AGM date).
The point is can we use the amount of 10.8 lakhs for ant other purpose ?
Thanks in advance .
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Dear Sir
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Profit or loss on share trading