Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
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: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARD :: list of goods taxed at 4% :: Central Excise rule to resale the machines to a new company :: articles on VAT and GST in India :: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment :: VAT RATES :: ACCOUNTING STANDARDS :: due date for vat payment :: VAT Audit :: form 3cd :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: cpt
 
 
« News Headlines »
 I-T Department may go into overdrive this quarter
 Ways to reduce the TDS deduction from your salary
 4 Tips for choosing who prepares your 2017 Tax Returns
 Processing of income-tax returns under section 143(1) of the Income-tax Act which were filed in Forms ITR-1 to 6 & applicability of section 143(1)(a)(vi)
 Price Waterhouse gets 2-year ban in Satyam case
 How to save income tax under section 80C
 These four expenditures can help you save tax under section 80C
 How to avoid excess deduction of TDS from salary income
 Income-tax deduction from salaries during the financial year 2017-18 under section 192 of the Income-tax Act, 1961
 Comparison of 10 tax-saving investments under Section 80C
 10 Income Tax-Saving Options Beyond Section 80C Limit

Legal, tax aspects of RPower bonus announcement
February, 25th 2008
The issue of three free shares for every five RPower shares held compensates investors only if the bonus shares are given to the original IPO allottees of RPower, said a section of market players. If I have been allotted shares at Rs 430 in the IPO and I have sold them off at Rs 350 to somehow pay back my creditors, the bonus issue of shares is not going to compensate me, but the person who bought from me at Rs 350. Whereas it is I who took the risk and deserves to be compensated, said Mr Arun Kejriwal of Kejriwal Research and Information Services. So the record date is important.

Of course, RPower is not obliged to make a bonus offer by law, but if it wants its bonus offer to be considered compensatory in spirit, then it can use as a precedent, an order of the Supreme Court in the Bausch & Lomb case, said an official who deals with legal matters at a leading brokerage. The court directed Italy-based Luxottica, which acquired Bausch & Lomb overseas and, consequently 44 per cent in B&Ls Indian business (currently Rayban), to make an open offer to the Indian shareholders. Interestingly, the court also asked Luxottica to include in the offer price an interest rate of 10 per cent per annum calculated from the date the open offer got triggered. This interest would be applicable to only those shareholders who both held shares on the date when the open offer was triggered and continued to hold the shares on the closure date of the public offer, said the court. Of course, there were very few investors who actually held shares for those five or seven years. But for RPower, a parallel move would be to offer the bonus shares only to IPO allottees and among them, to those who also continue to hold the shares till the record date, said the legal expert. There is also the question of whether Mr Anil Ambanis voluntary contribution of 2.6 per cent of his shareholding to Reliance Energy would lead to a tax liability for REL. If it is a gift (which is how Mr Anil Ambani referred to it once at the news conference), then would it fetch gift tax, since Mr Ambani is not a blood relative of Reliance Energy? Gifts of more than Rs 30,000 made by persons who are not blood relatives fetch tax at 30 per cent. It is too early to tell yet what the interpretation might be, said a tax consultant.

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

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