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: articles on VAT and GST in India :: empanelment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: cpt :: form 3cd :: list of goods taxed at 4% :: due date for vat payment :: ACCOUNTING STANDARDS :: VAT RATES :: VAT Audit :: Central Excise rule to resale the machines to a new company :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARD
 
 
« General »
 The most thrilling idea before every Budget: No income tax
 Finance Ministry likely to tweak Minimum Alternate Tax norms to boost industry
 Income tax department warns people to keep away from benami transactions
 New helpline for income tax e-filing
 The Central Government notifies the Companies (Amendment) Act, 2017
 GST Returns: Government Relaxes Rectification Norms
 Will govt bring change in income tax slab? here's the present structure
 No income tax exemption to cooperative banks
 Bitcoin investors may have to pay capital gains tax
 What industry expected when Modi government implemented GST
  The Finance Resolution And Deposit Insurance Bill, 2017

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 2018 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