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: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company :: VAT RATES :: list of goods taxed at 4% :: VAT Audit :: TAX RATES - GOODS TAXABLE @ 4% :: TDS :: ACCOUNTING STANDARDS :: empanelment :: articles on VAT and GST in India :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: cpt :: due date for vat payment
 
 
« General »
 Slow tax growth reflects companies' GST troubles
 What is PAN card? Why is it important?
 Govt to cut down executive discretion on tax laws
 Businesses can start filing July returns on GSTN from August 5
 Are you earning abroad? Know the tax rules
 Attention last minute tax filers! Know about key changes made by govt this year
 Accounting relief for IndAS companies
 How you can reduce your tax to zero if you have income within Rs 10 lakh
 NRIs’ overseas bank info needed only for tax refund
 Non-performance: I-T dept transfers 245 commissioners
 Income Tax efiling: Tax implications resulting from clubbing of income

Sebi disburses Rs 20 cr to investors
April, 13th 2010

The markets regulator Sebi on Monday for the first time disbursed money, amounting to over Rs 20 crore--a part of the sum collected from the IPO scamstersto the investors who had suffered losses in the public issue scam of 2003-05.

The disbursed amount is the first set of cheques to be handed over to 12.75 lakh investors identified by a committee set by the Securities and Exchanges Board.

In the first instance, 4.75 lakh investors, who are eligible for a reallocation amount of over Rs 300 is being paid, which amount to Rs 14.27 crore, while about 7.99 lakh investors have been identified as eligible for a reallocation amount of more than Rs 20 but less than Rs 300, toatalling Rs 9.02 crore.

"This is the first step in the reallocation process and as further disgorgement amount is realised further reallocation will be made," Sebi said in a statement.

Sebi said, however, keeping in view administrative costs involved, investors who are eligible for reallocation amount of Rs 20 or less, would not receive anything. There are 83,112 investors who are eligible for reallocation amount of Rs 20 or less, it said.

Sebi had investigated certain irregularities in the transactions in the shares issued through 21 IPOs during the period 2003-2005, before their listing.

Following the scam, a committee was set up by Sebi under the chairmanship of former supreme court judge DP Wadhwa to advise and recommend the procedure of identification of persons who have been deprived in these 21 IPOs and the manner in which reallocation of shares to such persons should take place.

The committee quantified of the amount of gains associated with the number of shares allotted to applicants who had illegally cornered shares in the IPOs.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Development Software Programming Software Engineering Custom Software Development Requirement Based Software Development Software Solutions Software Serv

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