MOIL Limited IPO Message Board (Page 113)

Madam PriYanka,
In India even if you file your income tax return honestly & pay your taxes & by chance if ITO open your file then you have to visit personally 6-7 times or by giving your POA (Power of attorney) with all recoeds & every time ITO requires new information which he ask in every visit ¬ at one time. 2ndly you to run to bank/s to get various details which many a time are not submitted by banks on time.
in short it very time consuming & mental harressment.
I had personally gone through this even though all papers were in order & after 6-7 visits ITO asked me to pay tax of less than Rs 500/.
I wonder why in my 1st visit he didn't tell me to pay That tax of rs 500/ & i would happily paid that instead of taking 5-6 leaves from my employer &mental harrsement.
Our senior member & CA "GEM" can throw more light on IPO limit Of Rs 2/ lacs?
where are you Mr GEM & your presence & Comments are most welcome
Milinds

Dear C.K. Shah,

The dates are confirmed SC-29/11/10 and Hindustan Copper-06/12/10

MOIL is better than even Coal India. I recommend subscribe large amount

59. Atul Goyal Hisar

I don't understand why people are so afraid of income tax people and 2 lakhs limit. In bangalore ( Software Professionals ) there are so many people I know whose income is 15-20 lakhs p.a and why these people will hesitate in investing 2 lakhs. If you are clean and pay your tax regularly , I don't think income tax people will do harm to them.
We will file our own returns and if there is law of filling AIR , let them file.
Ravi, Bangalore pls comment

@ 73 Nairji Pranaam bhai

Let the pricing come, I feel it should be priced in line with CIL and Powergrid, Govt seems to be having one formula, Price the share between 15 & 17 PE, and offer 5% discount to Retail, If that is the case, then the Price band should be 405-435 and the share should open at 550 to 575, lets see, MOIL size is very small as compared to CIL so may command a better price on listing, that may tempt the cash starved Govt to price it a little higher, more comments after pricing is known, Hariom

I Will apply for Rs 2lakhs

Panditji Namaste, Now one more Govt.company is coming out with maiden public issue. What is the salient features of the company have you made any study?. Are they having any monopoly in the business. Do Govt. keep any control on their product price. Who are their major buyers. What is their profit ratio. The term Manganese is not so familiar like Coal. Any private players are also allowed to do this kind of mining?. If so who are they and how is their performance in the stock market.

Other than Panditji I welcome others too if they are competent enough to reply. Request kindly help me to clear my doubts.

To Ajayshree pl provide ur ph no.

To 67. R B PROFESSIONAL : I am a marketing head in Alankit DP firm and we are opening DP A/C with only 1 paise on intra day and 10 paise on delivery.

to 66. Jumboo ar : Yes you can do it .

64. Ajayshare
bhai konsi trading company hai ye bhi bata do taki hum bhi account open kara le.

Can I link the joint DMAT account (where I am the second account holder) to a savings bank account (where I am the sole holder of the savings bank account)?

nifty nifty

you can keep many demet account as first holder & you can trade. but for IPO & FPO first holder same name apply in different accounts, it will reject all apllication

Now you can Open another DP account only in four day and apply from those.

brokerage only 1 paise in intra day and 10 paise on delivery.

I HAVE 5 DEMAT ACCOUNT ON SAME NAME AND USING FROM LAST 4 YEARS THERE IS NO PROBLEM YOU CAN TRADE ON ALL DEMAT ACCOUNT WITH SAME NAME.

To 60. jeewan garg : First A/C holder should not be same. Open new A/C and you can become second holder and can apply from both a/c for ipo and fpo.

Open another DP account. Only in four day you can get new DP A/C and apply from those.

jewaan Garg

you can open another demet account. In first account your name is first holder, then in second demet account your name should be second. then both account you can apply in IPO

Hello,

Is it valid to apply for an IPO from two DMAT account. I have one DMAT account where I am the sole account holder.

Can I open another joint DMAT account with me the SECOND account holder and apply for an IPO from both the accounts?

Dear Friends

It is invitable move of SEBI to increse the limit for retail investor from Rs. 1,00,000 to Rs. 2,00,000 is it will boost the IPO market
but but but but

There is also a big malintention of the government behind it.
as per Income tax act, 1961 Section 285BA every company who receives application (not allotment its application) form any person of an amount of Rs. 1,00,000 and more through IPO, bonds etc. it have to file Annual Information Report (AIR) to income tax department which is then forwarded to respective IPO for consideration.


AND AND AND

If AIR is filed of any person than chances of incoem tax scruity of that assesse is 70%.

So friends Beware.... if you are applying for IPO with rs. 1,00,000+ than maintain the cash flow in your account and reduce the cash transaction because

SCRUITNY MEANS AN EXPENCE OF MINIMUM RS. 20,000- RS 30,000.

Comments are invited on this topic.
Atul Goyal
Ph : 9467248028

pl tell me if any buyer of MOIL and RPP