Hello there...

A company I am vested in is asking to vote on a resolution to issue cumulative redeemable preference shares in one or more tranches.

Following are not mentioned in the proposed resolution:
1. Whom the shares will be allotted - whether the issue will be private only or will be offered to minority shareholders also.
2.Fixed cumulative dividend and period/redemption date to be decided by the Board of Directors/Committee of Directors at the time of issue.

The only rationale given for the issue is: "it is believed issue of pref shares will help optimize the capital structure of the Company and improve the returns for the equity shareholders".

Arent risks abound here of invisible corporate scams related to preferential shares like - selling common stock at high price and comfortably vesting at a high fixed dividend rate and flexible timeframe in pref shares later if issued privately?

What is the good thing about Preferential Shares as against issuing Common Stock?

~GD

A company "X" leases land to other company "Y" for a long time. In lieu of leasing, company "Y" issues shares to company "X" in the form of one time lease premium. Whether this one time lease premium is taxable in the hands of company "X". If taxable, whether it would be capital gain or income from other sources? Whether it is taxable with virtue of section 2(47)(vi) of the Income Tax Act 1961? Expert opinions sought.

I'm a 3rd Year law student studying B.Com., L.L.B.. And as per the college Curriculum my B.Com. will end up with the completion of my 6th Semester which ends in April, 2013. And as per the ICSI Policy if anyone is graduate then you can appear for the Executive Programme, exempting the Foundation Programme. But since I'll complete my B.Com this April, 2013 and if my College authority issues me a Provisional Certificate of passing and completing the Bachelor of Commerce then will I be entitled to exemption and admission to the Executive Programme. I plan to give the Module 1 in December, 2013.

Thank You.

dear sir,
i m direct entry student...
meri articleship start hogayi hei.. and mera ITT & oreintation bhi complete hogaya hei..

but.. mera institute ki taraf se articleship letter abhi tak aaya nahi hei...

sir.. kya mein may 2013 exam ke liye eligible hoon??

plz.. rply me sir..

Dear Sir/Mam,

I am Graduate from distance education college so, can u ask me my degree is valid for direct entry in CA IPCC Exam.

I am working as Articled assistant in a firm in Bangalore and also persuing BCom2nd year in Bangalore.I have already informed ICAI in my articleship form about my Bcom degree.I wish to get transferred to Hyderabad for my Articles due to personal reasons.Will Bcom be a hindrance to this???Will ICAI question me as to how i can do articles in one place and graduation in another place??Will my BCom get cancelled coz of this transfer??

Im 24 years old. Now I am a self employee. I have completed B.Com. Now I would like to do CA or CS. Which is the best choice for me

I need an opinion on deduction allowable U/s.80C on house loan principal repayment made during the FY 2011-12. The house loan was taken for purchasing a FLAT the construction of which is yet to be completed.

Earliest opinion from your end shall highly be appreciated.

Plz tell me is their any amendments for Advance Accounting for may 2013 ipc exam.
Plzz

1. What would be the implications of filing ITR-4 instead of ITR-4S under Income Tax?

2. Is the same valid or will be considered defective by Income Tax department?

3. Can IT department ask for books of accounts u/s 44AA as ITR-4 has been filed?