I have Trading&Demat accounts one with Angel and other with RKSV. I hold shares in Angel Demat since 3 years, due to which they are eligible for Long Term Capital Gain. Brokerage CDSL-EASIEST). After doing the transfer to RKSV, will my transferred holdings continue to enjoy Long Term Capital Gain?
Reposting the question. It is somehow getting truncated...
I have Trading&Demat accounts one with Angel and other with RKSV. I hold shares in Angel Demat since 3 years, due to which they are eligible for Long Term Capital Gain. Brokerage CDSL-EASIEST). After doing the transfer to RKSV, will my transferred holdings continue to enjoy Long Term Capital Gain?
Yes. It will be treated as Long Term Investment as transferring shares from one demat account to another of same person is not regarded as Sale and when you sell these share then any gain arising from the transaction will be treated as LTCG (Long Term Capital Gain).
I have 2 Trading&Demat accounts one with Angel and other with RKSV. I hold shares in Angel Demat since 3 years, due to which they are eligible for Long Term Capital Gain. Brokerage CDSL-EASIEST). After doing the transfer to RKSV, will my transferred holdings continue to enjoy Long Term Capital Gain?
I received a message saying Empower India Ltd who has a current share price of 38 paisa, is about to make an mobile application and would make a great income out of it, so as to expect the share price to more then Rs. 100 in a period of 6-8 months from now.
Is the information true by any chance. Septa sir/ Eagleeye whats your view on that
Thanks a lot Banker. I was also thinking on the same line as per what I had found in my self research was the book value currently is about Rs. 2.53 with a Max High of 11.10 in the last 5 years. It as difficult to believe, just needed someone to confirm it.
These type of messages are spread with vested interest wherein the operators are already holding the shares and when people start buying, they simply off-load their stake, making handsome gain at other''s expense.
as I said I am on the same line of thoughts, but a few mins back when I checked the comments on the share on moneycontrol. There too many have posted similar messages saying about an application they are about to develope which will help people save about Rs. 5000 a month, which will help them with the growth.
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May 5, 2016 1:15:12 PM
Top Contributor (500+ Posts, 100+ Likes)
Simple way of knowing whether you got shares or not is when you receive SMS from your bank stating that an amount of Rs. 14718 has been debited from your account. Remember that the amount will first get debited from your bank account and thereafter you will receive intimation regarding allotment. So keep calm till account debit.
Not always, I apply through Canara Bank ASBA. All the time my account got debited atleast 2 to 3 days after the allotment, till that time the amount is only blocked. It depends on the bank how fast they debit the amount on allocation and same applies for unblocking. In Teamlease I didn''t got any allotment, but my money got unblocked only after 2 days of allotment result.
OMG, that''s completely different happened with me. My account got debited instantly the moment I applied through HDFC Securities. Is that expected or HDFC violated ASBA norms?
Saurav Ji, Debit and Block is completely different. On blocking there will be no actual transaction shown in your account (it is only a temporary blocking of your funds to prevent withdrawal or transfer). If you get an allotment, then the blocked amount will get debited i.e. actual transaction posted in your account. In case no allotment then there will be no transaction shown in the account (only amount blocked and later unblocked). If your bank is immediately debiting the account then it is against ASBA norms, since ASBA clearly states only blocking should be done, so as to minimise transactions. Also blocking will still earn you the interest and if amount is debited then no interest is earned for those days.
Thank you Vannia Ji for educating me. I misunderstood the blocking process as the amount was not shown in the mini-statement while same is available in complete statement.
You got it. The mini statement always shows only the available balance, whereas the detailed statement show you the amount including blocked and cheque amount not yet cleared.
Thyrocare pe kotak bank ne case kar diya hai kal bombay high court me bcz thyrocare rejected their application due to technical glitch. Kotak moved to Bombay HC where they got decision in their favour with some conditions. Due to this allotment will take extra time of 1 day now. As per company allotment shall be made by 7 PM today.
IPO Ki Jo closing Date hoti he Tab se leke 7 Day Ginkar chalna tab Aap ka Payment Debit Hoga Aur 6 Day Me Allotment Ata he Yani Aaj Sam 7:00 O''clock Ko Allotment Ayega Aur Kal Payment Debit Hoga SAturday ko DEment Accout Me Shares Credit Ayenge Aur Monday Ko List Hoga Baki Bar Bar Wepsite Dekhene ki Jarurat nahi he
The Bombay High court has upheld Kotak Mahindra Bank''s decision to invest in the maiden stock offering by the healthcare and diagnostic companyThyrocare Technologies. The private bank moved the court after its share application was refused due to technical reasons.
In a relief to Kotak Mahindra, the Court on Wednesday ruled that the bank can participate in initial public offering (IPO) of Thyrocare if the promoters, merchant banks and the National Stock Exchange (NSE) have no objections.
On the same day, the Mumbaibased lender approached the court, seeking intervention in the IPO process and arguing that its offer for qualified institutional buyer (QIB) was not accepted due to a technical glitch. The counsel representing the exchange said that if the merchant banks and promoters have no issues then it is willing to accept Kotak''s bid, subject to completion of formalities.
According to people familiar with the development, Kotak had applied at the highest band price (of Rs 446) in the QIB segment. Edelweiss Financial Services, ICICI Securities and JM Financial Institutional Securities are the bankers to the issue.
"All valid bids were taken by the system. As a general practice, maximum bids are entered in the NSE system as per advice," an NSE spokesperson told ET. "There was no system related issues at NSE," he added.
After hearing the arguments, Justice SJ Kathawala ordered all related parties to file their submissions for an amicable consent. When contacted, Nishith Dhruva, managing partner of MDP Partners, a firm representing Kotak Bank in the matter, confirmed the development but refused to divulge details citing client confidentiality.
According to data available with NSE, the issue received cumulative bids for over 55 crore shares or about 73 times the total issue of 75.21 lakh shares. The company has offered shares worth Rs 451 - 480 crore (depending on the price band). The price band was set at Rs 420-446.
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May 5, 2016 11:58:09 AM
(1100+ Posts, 500+ Likes)
Allotment will not be done before evening time ......so have patience & better wait till tomorrow for the status to be available online ....!