DCKL. It was
running in losses and it's share value was zero. As per the letter issued
by the Company Secretary
accumulated losses were 9.31 crores rendering the value of the share as "zero". That the establishment costs were being paid from recoveries thereby
Limited (for short "NBVL") an Indian company
and the equity shares underlying these FCCBs. It had reported
short-term capital gain ... zero-coupon FCCBs of NBVL and on 18 th August, 2011, 323
FCCBs were converted into 1,29,23,073 equity shares of NBVL
Sanjay Brijkishorlal Nirupam vs Gopal Chinayya Shetty And 21 Others on 30 November, 2018
Equivalent
ascertaining commercial profits, it is not open to the Court to value the shares at a particular price when they are brought into the business ... assessing her profit the cost of the shares would have to be taken as zero and the whole of the receipt would have
share. These equity shares shall be distributed amongst the secured creditors in the proportion mentioned below :
Lenders
Equity
Shares
ARGIL ... Stock Exchanges.
5.1.3. Zero coupon Non Convertible Debentures (NCDs) :
Wanbury shall take such steps as are necessary to issue Zero coupon Non Convertible Debentures (NCDs
purchase and sale of
shares but only by valuation/ book loss which was
speculative in nature as what was disclosed in Return of
Income ... only gross loss in the
business & profession of trading in shares and
specifically when the correct facts came to notice only
during assessment proceedings
M/S. Vodafone India Service Pvt. Ltd vs Union Of India on 6 September, 2013
Commissioner Of Income-Tax, Bombay ... vs Geoffrey Manners & Co. Ltd. on 28 March, 1976
Shirish Finance & Investment (P.) Ltd. vs M. Sreenivasulu Reddy on 28 September, 2001
Equivalent