Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Popular Search: articles on VAT and GST in India :: VAT Audit :: ACCOUNTING STANDARDS :: due date for vat payment :: empanelment :: TDS :: Central Excise rule to resale the machines to a new company :: list of goods taxed at 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: form 3cd :: ACCOUNTING STANDARD :: TAX RATES - GOODS TAXABLE @ 4% :: cpt :: VAT RATES :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes
« News Headlines »
 TDS on rent and other tax tasks to complete before March 31
 5 income tax changes which will come into effect from April 1, 2018
 Why you shouldn't be a last-minute tax filer
 How to calculate income tax for this assessment year on Moneycontrol
 6 Tax notices you may get and how to cope with them Income Tax Notice
 Deadline to pay advance tax ends tomorrow: Here is a step-by-step guide
  Central Goods and Services Tax (Second Amendment) Rules, 2018
 Income Tax Return Filing Deadline: Waiver On LTCG Tax To End On 31 March. Details Here
 Income tax returns (ITR) filing: Top mistakes that can be very costly
 Income Tax Return (ITR) filing: 6 last-minute things you can still do to save tax for FY17-18
 How to file Income Tax Returns online in 5 simple steps

Demat accounts take a dip in times of booming market
November, 02nd 2006

For the first time this calendar year, net active demat accounts with National Securities Depository (NSDL) the countrys number one depository has fallen on a month-on-month basis.

According to the latest numbers posted on the NSDL website, net active accounts at the end of September have fallen to 77.10 lakh from 77.55 lakh in August, a drop of 45,000 accounts.

NSDL does not give details on gross additions and gross cancellation of accounts. But it is clear that there were far more cancellations during September than additions.

Over the last few months, there has been a slack in monthly net addition of demat accounts at NSDL. The growth in accounts was strong in January and February, with 1.5 lakh and 1 lakh accounts being added in the respective months.

But after the Securities and Exchange Board of India (Sebi) initiated action against market intermediaries alleged to have been involved in the initial public offerings (IPO) scam in April, growth in demat account registrations with NSDL slowed down.

Following the scam, Sebi made it compulsory for demat account holders to quote their permanent account numbers while opening a demat account. Existing demat account holders were asked to submit photocopies of PAN cards before October 1 this year. This date was subsequently revised to December 31.

The IPO scam was orchestrated by a set of individuals who opened multiple demat accounts and then cornered shares reserved for retail investors in the issue.

Interestingly, Central Depository Services (CDSL) second to NSDL in terms of demat accounts has been witnessing a net addition of around 50,000 accounts every month.

CB Bhave, managing director of NSDL, did not appear too concerned with the recent slackness in new account registrations. He felt the depository would make up for the average performance in coming months. Both depositories have been on a scrutiny overdrive.

This has led to the closure of several thousands of accounts. But market watchers say that PAN being made compulsory is making account opening procedure complicated.

Although they add this is a positive development in the sense that only genuine investors would now want to go through the process of scrutiny.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Content Management System development CMS development Content Management Solutions CMS Solutions Content Management Services CMS Services CMS Software

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions