An SIP or One-Time Investment?

If I continuously invest Rs 5,000 per month in an equity fund, is it possible to build a corpus over 15 years? Would I not make much more by investing it all at one go and holding on for that long? Would I need to change funds to keep the growth going? Regarding the possibility of building a corpus over 15 years, it certainly is plausible. Even if you invest just Rs 5,000/month and earn an annual...

Too Much of a Good Thing

The government's recent move requiring all listed companies to maintain at least 25 per cent public shareholding has elicited both positive and negative responses from market participants. On the one hand, the decision has been praised as higher public shareholding will enhance liquidity, increase the depth of the equity market, widen stock ownership, promote greater disclosures and improve corporate...

Find TAN number

To Find the TAN of the Tax deductor Follow this link https://incometaxindiaefiling.gov.in/knowtan/knowtan.jsp  Fill in the required information  In the Search row- check the Name option In the  Name Row - enter the name of the of the person whose TAN you want to know Then Hit Sub...

HOW TO PASS CA IN FIRST ATTEMPT

AN OLD joke on passing CA examinations goes like this: There was a writing in a church that read, "Jesus never fails". A CA student added below that, "Then let him try the CA examination"! Passing the CA exam is not as difficult as it is made out to be. Several students clear it in the first attempt and even secure ranks. Why, then, are others unable to crack it? The reasons are several. Capabilities...

New Bill to replace existing ULIP ordinance

Allaying RBI’s fears, the government on Tuesday proposed to elevate its governor’s post in the proposed joint mechanism to address the differences among financial regulators over hybrid products. The legislation, Securities and Insurance Laws (Amendment) and Validation, Bill 2010, presented in the Lok Sabha to replace the ULIP Ordinance, also seeks to have a joint committee to resolve the differences...

Ulip Controversy continued

On 18th June, the President signed an ordinance that would settle the recent spat between SEBI and IRDA over unit linked insurance plans ("ULIPs"). The ordinance makes it clear that ULIPs cannot be regulated by SEBI and places them within the jurisdiction of IRDA. The ordinance also tries to prevent further disputes by setting up a joint committee to address future conflicts. But this is not...

Ulip Controversy

Date Sebi Irda Government – Finance Ministry August ‘09 Abolished entry loads for mutual fund schemes December ‘09 Issued show-cause notices to some life insurers asking why action should not be taken against them for selling ULIPs without its approval January ‘10 Again questioned Insurers about not seeking Sebi’s permission over issuance...

About ULIP

ULIP – Unit Linked Insurance Plan gives life insurance in such a way that the value of the insurance policy at any given time would vary in accordance with the value of the underlying assets at that given point of time. ULIP is that kind of life insurance solution which would be providing benefits of protection and also flexibility in the investment. The investment is indicated as units and...

Processing of returns of Assessment Year 2009‐10 ‐ Steps to clear backlog

Instruction No. 5/2010 [F.No.225/25/2010‐ITA‐II], dated 21‐7‐2010   The issue of processing of returns for Asst. year 2009‐10 and giving credit for TDS has been considered by the Board. In order to clear the backlog of returns, the following decisions have been taken: (i) In all the returns filed in ITR‐1 and ITR‐2, for the Asst. Year 2009‐10, where the aggregate TDS claim does not exceed Rs....

All about payment of Payment of Gratuity Act 1972 in brief including the recent amendments The Payment of Gratuity Act 1972:- Gratuity is a voluntary Payment made by the employer to the employee in recognition of continuous, meritorious services and sincere efforts by the employee towards the organization.It is governed under the Payment of Gratuity Act 1972.It  is  an  Act ...

Vat Act & Rules

Tamil Nadu Vat Act and Rules Karnataka Vat Act and Rules J&K Vat Act And Rules Delhi Vat Act And Rules Maharastra Vat Act and Rules Orissa Vat Act and Rules Rajasthan Vat Act and Rules MP Vat Act and Rules  WB Vat Act and Rules UP Vat Act and Rules Kerala Vat Act and Rules Haryana Vat Act and Rules Gujrath Vat Act and Rules Goa Vat Act and Rules Bihar Vat Act and Rules Assam Vat Act and...

The Gods cannot play the stock markets.

That's the upshot of a verdict handed down today by Bombay High Court which threw out a petition seeking to open demat trading accounts in the names of Lord Ganesh — the popular god of wealth and prosperity — and four avatars of lesser deities. The petition was moved by a Sangli-based private religious trust named Ganpati Panchayatam Sansthan. The other four deities are Chintamaneshwardev, Chintamaneshwaridevi,...

Procedure for conversion of Mutual Fund Units into dematerialised form through your Depository Participant (DP)

Obtain Conversion Request Form (CRF) from your DP. Fill-up the CRF. Submit the CRF alongwith the Statement of Account to your DP. After due verification, the DP would sent the CRF and Statement of Account to the Asset Management Company (AMC) / Registrar and Transfer Agent (RTA). The AMC / RTA will after due verification confirm the conversion request sent by your DP and credit the mutual fund...

Symbol for Indian Rupee approved

The Union Cabinet today approved the symbol for the Indian Rupee. This symbol will be used by all individuals/entities within and outside India after its incorporation in `Unicode Standard', 'ISO/IEC 10646' and 'IS 13194'. A public competition was held amongst resident Indian citizens inviting entries for the symbol, which reflects and captures...

Vat Forms

Tamil Nadu ...

Income Tax (Sixth Amendment) Rules, 2010

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Procedure for transfer of shares held in physical form

FAQ's on Procedure for transfer of shares held in physical form  I have purchased XXX shares. How do I get them registered? How long will it take? The shares for transfer may be lodged with Registrar and Share Transfer Agent (RTA) or the Company at its Registered Office. All transfer requests are processed by the RTA within a period of 15 to 30 days from the date of receipt, if documents are...

Some useful Cases under Companies Act

Director of the company alone cannot commit anything on behalf of the company without the sanction of the Board of director. Shabh Shanti Services Ltd. v. Manula's Agarwalla & Ors. 2005 SCC (Cri) 993. Conviction u/s 454(5) of the Act will be challenged in appeal before the Division Bench of the H.C. P. George Philip v. Official Liquidator, 2004(4) RCR (Crl.) 98 Kerala FB. Flat...