ONLY SUCCESSOR CAN CLAIM SHARES OR DEBENTURES, AND NOT NOMINEE, RULES SC

The claim over financial instruments such as share and debenture certificates should be with the successor by law or by will of the original owner, and not with the nominee, the Supreme Court has ruled. As per a judgment on December 14, even if a person is a nominee in a share/debenture certificate, he is …

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Our Client is looking for Real Estate Projects in Mumbai

A reputed builder with multi-city presence is looking from Outright to JD to DM deals in Mumbai market. Below are the key points to share the right deal. Sudheendra Kumar ( Mobile /WhatsApp: 91-9820088394) https://www.linkedin.com/company/intellexconsulting https://www.linkedin.com/company/intellexcfo-com/ https://www.linkedin.com/company/venture-streets/

A North Indian Food Restaurant based in Western Suburbs of Mumbai looking for an Investor.

The Restaurant started in 2019 doing a monthly business of INR 30 + per month and EBITDA Positive. Restaurant is situated in a rented Premises in a reputed top class building. It uses around 2500 Square Feet area. Amount of Investment that we are looking is in the range of INR 75-100 Lakhs. The Restaurant …

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Summary that can disallow your Income tax deduction with Sections-

Section 40A(3): Cash expenses exceeding Rs. 10,000 to a single person in a day, or Rs. 35,000 for goods carriages, may be disallowed. Exceptions are detailed in Rule 6DD. Section 43(1): Expenditure exceeding Rs. 10,000 to a single person in a day for asset acquisition is excluded from actual cost, affecting depreciation claims. Section 80D: …

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Private Limited Companies issue shares etc, in demat form – MCA has notified amendments to PAS (Return of Allotment) Rules

✅ MCA has mandated private cos. (which are not Small Cos.) to issue securities (not just ‘shares’) only in demat form and facilitate demat process for all its securities. ✅ Presently, said provisions are applicable to unlisted public companies. ✅ Now, the said provision is applicable to cos. other than Small Cos., which includes: Foreign …

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We are looking for Potential Acquisition opportunity for NBFC – $15M-$30M

One of our prospective investors is actively seeking an opportunity to acquire a Non-Banking Financial Company (NBFC) operating within the lending sector, with a particular interest in companies specializing in gold lending. The investor is specifically targeting NBFCs with a substantial annual revenue range, preferably between $15m to $30M , and a proven track record …

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