co-operative bank shares
This query is : Resolved
24 November 2009
my client had taken a shares at the time of term loan as per bank rules . he was refunded that loan with in a stipulated time & than he has requested to the bank refund his excess share money ( to keep nominal share mony which is requred for bank for maintaing a share holder).but that co-operative bank denay for that refund .my question is can co-opetative bank refuses such demand? (The Share money is near about Rs 35000/- & Nominal Share application Money around Rs. 1500/-) Rs 33500/- not a premium amount I have that much amount of share certificate.(Rs. 35000/-)
25 November 2009
Dear Lalita,
I guess in ur case, the excess Share Money i.e. Rs. 33500/- is the premium charged by the seller of the shares and Bank has nothing to do.
Regards
Juzer
I guess in ur case, the excess Share Money i.e. Rs. 33500/- is the premium charged by the seller of the shares and Bank has nothing to do.
Regards
Juzer
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Scrutiny and reopening of past returns
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- F & O PROFIT REPORTING FOR AY 2026-27
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
