re: necessity of trading acct
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 February 2010
Hello, I am aware that if i want to buy and sell shares on a daily, weekly etc basis, I need to maintain an online trading account for the actual transactions of buying/selling, and a demat acct to "hold" the shares.
If however, I only buy shares of say company ABC, today (Feb 2, 2010) and i dont sell them at all, and only retain them, and wish to sell after another 5 years, do i still need a trading account now?
what would be the procedure in that case?
thank you.
If however, I only buy shares of say company ABC, today (Feb 2, 2010) and i dont sell them at all, and only retain them, and wish to sell after another 5 years, do i still need a trading account now?
what would be the procedure in that case?
thank you.
03 February 2010
Hello,
In today's scenario, mostly companies have their shares in electronic form (Demat Form). So in order to have the shares in Demat form u require the Demat Account and normally a trading account is combined with the Demat account.
However, if you want to keep the shares in physical form then I think u have to make a seprate application to the registart of the company for issuing the shares in Physical form and then you are not required to have a trading account for that.
In today's scenario, mostly companies have their shares in electronic form (Demat Form). So in order to have the shares in Demat form u require the Demat Account and normally a trading account is combined with the Demat account.
However, if you want to keep the shares in physical form then I think u have to make a seprate application to the registart of the company for issuing the shares in Physical form and then you are not required to have a trading account for that.
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
- Is any professional CA is here please reply
- Reopen of assessment proceeding
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Putting a heading on received mail
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Gift Received from nonblood relative
- EPF FULL & FINAL RULES IN 2026
- Rental income gst and it purpose
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Reprocessing of rectification order AY 2025-26
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
