Your request has been identified as part of a network of automated tools outside of the acceptable policy and will be managed until action is taken to declare your traffic. With reference to above subject, we are enclosing herewith a certificate under regulation 74 of the SEBI Regulations, 2018, as received from Link lntime India Private Limited, the registrar and share transfer agent of the company for the quarter ended on June 30, 2022.Kindly take the same in your records. It’s a platform of comprehensive technology-driven services that wrap up all the legal needs of startups and established businesses for instance incorporation, government registrations & income tax filings, accounting, documentation and annual compliances. With reference to above subject, we are enclosing herewith a certificate under regulation 74 of the SEBI Regulations, 2018, as received from Link lntime India Private Limited, the registrar and share transfer agent of the company for the quarter ended on December 31, 2022. With reference to above subject, we are enclosing herewith a certificate under regulation 74 of the SEBI Regulations, 2018, as received from Link lntime India Private Limited, the registrar and share transfer agent of the company for the quarter ended on March 31, 2023.

This came in the registration of 26 patents, and the publishing of 5297 research papers in scientific journals classified in various fields, in addition to the number of citations that reached 12,258. Shri Gang Industries, with revenue of ₹113 crore and profit of ₹7 crore in the trailing 12 months, has gained 1,911% since April 1. The stock surged nearly 8,800% from ₹2.71 to ₹242.55 between April and September last year and has declined 74% since then.

Within the General sector, Sansera Engineering Ltd. stock has a market cap rank of 35. We are witnessing the same lottery effect in the options market too. We have seen a major shift in volume from the cash market to the options market in the last 7 years. Among other stocks, defence PSU stock Mazagon Dock Shipbuilders has rallied around 180% during the year amid government’s increasing thrust on domestic manufacturing and defence spending. Please note that because IBKR offers our own SMART routing software, IBKR does not use ARCAs service . Consequently, if you route an order direct to ARCA, the order will be executed only on ARCA .

KIFS Financial Services Unaudited Financial Results For December 2022

The purpose of this provision is to prevent taxpayers from engaging in “wash sale” transactions, where they sell securities to realize a loss, only to repurchase similar securities shortly afterward. Such transactions are considered a form of tax evasion, as they enable taxpayers to reduce their tax liability without actually changing their overall investment position. It is worth noting that this section is only relevant to the listed securities, and not to unlisted securities or other assets. Additionally, the provision does not apply to losses arising from the transfer of securities in the course of a business carried on by the taxpayer.

• Fueled by day traders, volume in penny stocks exploded, and bullish options saw the second-busiest day ever.
• Trading on margin is only for experienced investors with high risk tolerance.
• The split will help in increasing the liquidity in the market, with the aim of making the shares more affordable for new investors.
• Shri Gang Industries, with revenue of ₹113 crore and profit of ₹7 crore in the trailing 12 months, has gained 1,911% since April 1.
• This means that if a taxpayer sells or transfers securities at a loss, but acquires similar securities within the specified time period, then the tax benefits of the loss will be denied, and the loss cannot be used to offset gains on other securities.

ET Wealth lists six investing simulators that will let you test the waters of equity investing before you dive into the real world of the markets. These values are calculated using the oldest historical opening price available and taking into account all splits and dividends history. Therefore, the results presented here are not 100% accurate and just a close estimation.

What Is Dividend Stripping?

For more information read the Characteristics and Risks of Standardized Options, also known as the options disclosure document . Alternatively, please contact IB Customer Service to receive a copy of the ODD. Before trading, clients must read the relevant risk disclosure statements on our Warnings and Disclosures page. Trading on margin is only for experienced investors with high risk tolerance. For additional information about rates on margin loans, please see Margin Loan Rates.

According to regulations, Indian residents are eligible to trade all available products on domestic Indian markets, including futures and options. On non-Indian markets, Indian residents are prohibited from trading futures, options or margin-based products but are permitted to trade stocks, bonds and ETFs. Dividend stripping is when an investor buys shares or mutual funds of a company before the date of dividend declaration and sells the shares after receiving the dividend at a lower price than the actual price. To ensure our website performs well for all users, the SEC monitors the frequency of requests for SEC.gov content to ensure automated searches do not impact the ability of others to access SEC.gov content.

Although section of the income tax act 1961 have formed some conditions to check dividend stripping. For stocks like MCX India, PSP Projects, TD Power Systems and Vikas Eco, today is the record date for determining shareholders’ eligibility for the dividend payout. Our customers choose us over other service providers, as we offer a blend of tax filing methods suited to the needs of our clients as well as dedicated year-round support or focus on client satisfaction. Myitronline provide Free tax consultation with an Experienced Tax Professional and they helpline income tax e-filing that helps you save. “The software services include development of business applications, data Sciences, cloud, migration, business process optimization, digital media, technology implementation & maintenance services,” it added. However, stocks in single digits or below Rs 10 are bracketed in this club.

However, it has dropped about 20 per cent from its 52-week high amid ongoing correction. Shares of Radhika Jeweltech surged 1,240 per cent from Rs 15 in April 2021 to scale its new lifetime peak of Rs 201 on May 20, 2022. King Khalid University is located in the Asir region in the southwestern part of the Kingdom of Saudi Arabia. In the field of scientific research, the University witnessed a strong presence of qualitative activities during the past year.

In relation to submission of details of related party transactions of the company for the half year ended on September 30, 2022, please find enclosed herewith relevant details of related party transactions as per the format specified by the Securities and Exchange Board of India in this respect. Penny stocks are risky trades, as most of them are inherently illiquid due to lack of trading. Yet, clamping a blanket ban on trading in such shares is problematic.

KIFS Financial Services Outcome And Unaudited Quarterly Financial Results June, 2022

Real estate developer Jet Infraventure will https://1investing.in/ ex-bonus on 21 April. The company announced a one-for-one bonus issue of shares to investors, with extra equities to be credited within two months of the Board’s approval on 9 May. Shareholders who own shares prior to the ex-date are eligible for additional shares. The bonus shares are designed to increase liquidity while making the stock more affordable for investors. Jet Infraventure’s authorised capital has also been increased from RS3 crore to RS5.5 crore.

Meanwhile, Sensex has corrected about 6 per cent in the same period from its 52-week high of 62,245 touched on October 19. Individual Tax Preparation Services are offered through two channels – Income Tax Filing by Experts, and Self e-Filing of Income Tax Returns. Income tax Filing by Experts is a service where a dedicated tax expert is assigned to you, to help you understand your tax modalities, prepare returns for you and file your ITR online. If you prefer doing your taxes yourself, Myitronline provides a highly intuitive online tool for e-Filing income tax returns which automatically extracts all data from your Form 16, to help you file your taxes online yourself in 5 easy steps. Myitronline has users from pan India and many from overseas who prefer to use myitronline.com to file their tax return with ease. It is a project built on the idea to make the ever increasing tax filing headache a thing of the past.

Your Request Originates from an Undeclared Automated Tool

In accordance with the code of conduct for prevention of insider trading framed by the company, the trading window for dealing in the securities of the company will be closed from opening of business hours of stock exchange on July 1, 2022 till 48 hours after the unaudited financial results of the company for the quarter ended on June 30, 2022 have been disseminated to the stock exchange. In accordance with the code of conduct for prevention of insider trading framed by the company, the trading window for dealing in the securities of the company will be closed from January 1, 2023 till 48 hours after the unaudited financial results of the company for the quarter ended on December 31, 2022 have been disseminated to the stock exchange. In accordance with the code of conduct for prevention of insider trading framed by the company, the trading window for dealing in the securities of the company will be closed from April 1, 2023 till 48 hours after the audited financial results of the company for the quarter and financial year ending on March 31, 2023 have been disseminated to the stock exchange. Dividend Stripping has been a common practice among investors to receive tax-exempted dividend income.

• “One common way investors get defrauded is by sharing their login details with others.
• Although section of the income tax act 1961 have formed some conditions to check dividend stripping.
• For additional information about rates on margin loans, please see Margin Loan Rates.
• The stock surged nearly 8,800% from ₹2.71 to ₹242.55 between April and September last year and has declined 74% since then.

Security futures involve a high degree of risk and are not suitable for all investors. The amount you may lose may be greater than your initial investment. Before trading security futures, read the Security Futures Risk Disclosure Statement. Structured products and fixed income products such as bonds are complex products that are more risky and are not suitable for all investors. Before trading, please read the Risk Warning and Disclosure Statement.

With reference to the above captioned subject, please find enclosed herewith a certificate under regulation 40 of the SEBI Regulations, 2015 for the financial year ended on March 31, 2023 signed and issued by Mrs. Anamika Jajoo, proprietor of M/s. While the biggest benchmarks for US equities fell, smaller and more speculative corners posted solid gains. Fueled by day traders, volume in penny stocks exploded, and bullish options saw the second-busiest day ever. The data available on AceEquity suggests that as many as 150 penny stocks have scripted a ‘rags to riches story’, rallying up to 1,700 per cent in the last six months.

Section 94 of the Income Tax Act, 1961 is a provision that prevents tax evasion by taxpayers through the use of certain types of transactions. This section deals with the concept of “loss from the transfer of securities,” which may happen when a taxpayer transfers securities to another person at a loss, with the intention of reducing their tax liability. Under Section 94 , if a taxpayer sells or transfers any listed securities, and within a period of 90 days before or after the sale or transfer, the taxpayer or any person connected to the taxpayer acquires the same or similar securities, then the loss from the sale or transfer will be disregarded for the purpose of computing the taxpayer’s total income. This means that if a taxpayer sells or transfers securities at a loss, but acquires similar securities within the specified time period, then the tax benefits of the loss will be denied, and the loss cannot be used to offset gains on other securities.

In this study, companies with a market cap of less than Rs 1,000 crore at the end of 2021 have been considered. Note that this policy may change as the SEC manages SEC.gov to ensure that the website performs efficiently and remains available to all users. For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. You can also sign up for email updates on the SEC open data program, including best practices that make it more efficient to download data, and SEC.gov enhancements that may impact scripted downloading processes. Voting results and scrutinizers report for 27th annual general meeting and brief profile of managing director and statutory auditors, both re-appointed. As many as 23 stocks in this block have more than doubled investor wealth, with some multiplying even five-fold in the current calendar.

In simple words, dividend stripping is when an investor buys shares or mutual funds of a company before the date of dividend declaration and sells the shares after receiving the dividend at a lower price than the actual price. The Board of Family Care Hospitals has approved the split of the nominal value of its equity shares from Rs 10 each to Re 1 each. The split will help in increasing the liquidity in the market, with the aim of making the shares more affordable for new investors. Further, the Board has approved keeping the paid-up share capital unchanged, and it has rejected the proposal for issuing bonus shares.

Unauthorized attempts to upload information and/or change information on any portion of this site are strictly prohibited and are subject to prosecution under the Computer Fraud and Abuse Act of 1986 and the National Information Infrastructure Protection Act of 1996 (see Title 18 U.S.C. §§ 1001 and 1030). Please declare your traffic by updating your user agent to include company specific information. Within General sector Sansera Engineering Ltd., Harsha Engineers International Ltd., Ami Organics Ltd., Meghmani Finechem Ltd., RateGain Travel Technologies Ltd., Tatva Chintan Pharma Chem Ltd., Fusion Micro Finance Ltd., Paradeep Phosphates Ltd., Anand Rathi Wealth Ltd., Prudent Corporate Advisory Services Ltd. and Tega Industries Ltd. are usually compared together by investors for analysis.

money in the united kingdom banks atms playing tax preparation services are provided through personal interaction as well as online for filing ITR 1, ITR 2, ITR 3 and ITR 4. Our GST managed services are a complete solution for all the GST compliance worries where we take care of everything for you right from registration, reconciliation as well as return filing. Apart from this we also provide tax tools like Income Tax Calculator, Advance tax calculator. Dividend stripping works by buying shares in a company just before it issues a dividend. The shareholder receives the dividend payment and then sells the shares shortly after, ideally at a similar price to what they paid for them.

Myitronline’s visionis to give away a single & simple click access to all the individuals for all their legal and professional tasks. Regulation 7 certificate for the financial year ended on March 31, 2022. The stock is Radhika Jeweltech, a gem and jewellery player, which has zoomed as much as 1,250 per cent in a little over a year.