genuine
3
investors. The Board found that large number of multiple
dematerialized accounts with common addresses had been opened by
a few entities. By order ... colluded with
the above entities in opening multiple/benami
bank accounts and dematerialized accounts in
the names of fictitious persons.
11.21. Even presuming
Bombay High Court approving amalgamation and merging of the
companies and dematerialization of the shares in the demat account ... thereafter sale of the shares. The Assessing Officer has not
disputed the dematerialized of shares as per the demat account record
as well as subsequent
account of the assessee and submitted that
the shares were dematerialized on 18.06.2012 and thereafter the
shares were sold from 13.03.2013 onwards on various dates ... payment of consideration
through cheque at the time of allotment of shares dematerialization of
the shares and thereafter, sale of shares from
Ptc India Financial Services Ltd. vs Mr. Venkateshwarlu Kari on 12 May, 2022
Author: Sanjiv
2020
Ashok Agarwal Vs ACIT & 3 Ors.
show the dematerialization of the shares in the Demat account and thereafter
allotment of 158,400 shares ... company, payment to the company made
through banking channel, and dematerialization of the same in the Demat account of
the assessee. It was submitted that
shall be inserted, namely:-" 68B. Initial offer of securities to be in dematerialized form in certain cases.- Notwithstanding anything contained in any other provisions
this Agreement,
the Transferor shall transfer the HVTCL Equity Shares from
its dematerialized account along with duly executed delivery
instruction slips and the duly executed ... sale, for transfer of the HVTCL Equity Shares into the
HVTCL Designated Dematerialized Accounts.
Simultaneously, APIL shall also transfer the APIL Equity
Shares
accounts and in
Balance Sheet as on 31.03.2010. These shares were dematerialized on 23.05.2009
5
and appear in Dmat Statement with Marverick Share Brokers Limited ... shares of face value of Rs. 1/- each which were dematerialized on 02.08.2010 and
credited in Dmat Account of assessee. These 3,00,000 shares
NDTV limited. It was gathered that they were
maintaining three different Securities Dematerialization account [demat]
accounts i.e. One joint demat account and two individual ... circular number 704 dated 28/4/1995 which is an instruction regarding
dematerialization of the 'date of transfer' and 'holding period
Evidence for (xi) Acknowledged Copy of request issued by HDFC Bank 26
dematerialization accepting the assessee's shares 111 physical form for
of Shares ... dematerialization.
(xii) Copy of transaction cum holding statement reflecting 27
confirmation of said demat.
Evidence for Sale (xiii) Copy of sale bill of Pruthvi Brokers
