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THE ICFIA UNIVERSITY

19:26:00 / Posted by Professionalz / comments (0)


The ICFAI University (hereinafter referred to as the University) refers to the Universities sponsored by the Institute of Chartered Financial Analysts of India (hereinafter referred to as the Institute) in Dehradun, Tripura, Sikkim, Meghalaya,  Mizoram, Nagaland, Jharkhand, Raipur, Jaipur and Himachal Pradesh under respective State legislations. The Government of Orissa passed The Icfai University Act and the State Governments of Assam, Gujarat, Madhya Pradesh and Punjab issued letters of intent to the Institute for the establishment of Universities. Each University is a separate and independent legal entity. 
The ICFAI Universities at Dehradun and Tripura are approved by UGC under Section 2(f) of the UGC Act 1956. The ICFAI Universities in the States of Sikkim, Meghalaya, Nagaland and Jharkhand are empowered by UGC for award of degrees under Section 22 of UGC Act, 1956.
The Universities believe in creating and disseminating knowledge and skills in core and frontier areas through innovative educational programs, research, consulting and publishing, and developing a new cadre of professionals with a high level of competence and deep sense of ethics and commitment to the code of professional conduct.
The Universities offer Bachelor, Master, and Doctoral programs in management, finance, science and technology, information technology, education, law and other areas.

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How do I open an Account of a Partnership Firm?

02:44:00 / Posted by Professionalz / comments (0)


An account cannot be opened in the name of the firm. It has to be opened in the name of any of the Partner as an Individual account only.
What are the formalities that are required to be completed to open a Corporate Account?

The procedure to be followed in order to open a Corporate account is quite similar to the opening of an account by an individual, but in addition to that you also have to submit the Memorandum of Association (MOA) as well as the Board Resolution for authorized signatories in case of a limited and private limited firms.

What are the RBI Approvals for NRI’s?

02:44:00 / Posted by Professionalz / comments (0)

 
If you are an NRI, the RBI permission is required for NRI’s depending on the category as given below :
S.NO Category of your Account Sale or Purchase Remarks
1 Primary Market ~ Allotment Purchase No RBI permission is required for allotment on repatriable basis.
2 Primary Market Sale On repatriable basis RBI permission is required.
3 Secondary Market Sale or Purchase Repatriable or Non-repatriable basis.RBI permission is required and is valid for 5 years.

How do I open an Account with any DP?

02:40:00 / Posted by Professionalz / comments (0)



The account opening form may be collected from any DPs office or downloaded from the Internet.If your shares are in joint name, open your account in the same order of the names.For combination of joint names, you must open separate accounts for each combination.You can open multiple accounts with the same DP.Submit photographs of the account holders along with their bank accounts nos.Sign the agreement with DP.For NRI’s, RBI Reference Number and Approval Date must be provided.Submit your physical shares for demat and await credit to your DP account.

Are applications for account opening to be collected at NSDL?

02:40:00 / Posted by Professionalz / comments (0)


No. The Account Opening form must be collected only from a DP.The Account Opening form can be collected from any of the Aditya Birla Money Offices.The forms may be submitted and you may collect the acknowledgement across the table.

Where do I open the Depository Account?

02:38:00 / Posted by Professionalz / comments (0)


The Depository Account must be opened by you with a Depository Participant. A list of names and addresses of all Authorized DP’s is available with the NSDL and CDSL and you may meet any of these DP’s place and make a choice at your based on your comfort and convenience.
What are the formalities that are required to be completed to open a Depository Account?

To open a Depository Account, you have to submit the duly filled in Account Opening form along with the relevant documents.

Why is it necessary to open a Depository Account?

02:36:00 / Posted by Professionalz / comments (0)


A Depository Account should be opened with a DP if you intend to hold your securities in the electronic form and also if you intend to trade in the electronic form.

Who is a Depository Participant?

02:36:00 / Posted by Professionalz / comments (0)


Depository Participant (DP) is an organisation that acts as an Agent of the Depository and interacts with the investor.A DP is responsible for maintaining your securities account and operating it only under your written instructions. The Depositories Acts mandates that investors can use Depository facilities only through DP’s. The distribution channel and geographical spread of the DP’s offices allows you to access the Depository at a low cost.

What is CDSL?

02:35:00 / Posted by Professionalz / comments (0)


Central Depositories Securities Limited is a Depository promoted by BSE.
How does the Depository curtail Forgeries / Fakes in Duplicate Distinctive Numbers?

Physical share certificates with duplicate distinctive numbers are essentially forged certificates. The R&T would identify and reject the certificates.The concerned Stock Exchanges are informed of the details.

What is NSDL?

02:34:00 / Posted by Professionalz / comments (0)


National Securities Depositories Limited is a Depository promoted by UTI, IDBI, SBI & NSE who hold the securities in electronic form on behalf of the beneficiary holder.
Tell me about the Insurance Policy by NSDL?

Shares in the electronic segment are 100 percent secure. The agreement between you and the DP indemnifies you against misuse of your electronic holdings by any party, in any manner whatsoever. You may legally invoke such indemnity and be 100 percent compensated.A comprehensive Insurance Policy has been taken by NSDL which covers your DP account so as to protect you against any losses, breach of security etc.

How to Deal with the Depository directly?

02:29:00 / Posted by Professionalz / comments (0)

You cannot deal with the Depository directly. However, if you have any unresolved grievances against your DP, you can make a complaint to the Depository at the below mentioned address.
What are the obligations of a Depository?

The Depository is obligated to maintain the Client Holdings, enable demat and remat of eligible securities, disbursement of corporate benefits,effect settlement of securities traded on the exchanges as well as Off-market trades through book entry transfers, provide for Pledging/Hypothecation of eligible securities.

What is the Depository System?

02:26:00 / Posted by Professionalz / comments (0)

Your money may be held in the form of liquid cash at your home or may be deposited in a bank. The bank holds your funds in the electronic form and subsequently debits or credits the account. Depending on your issuance of cheques or deposit of cheques. The advantages of safety and convenience of dealing with a Bank overweigh the reasons for holding liquid cash in your home.Your financial assets such as Equity Shares may be compared to the above example.You may hold physical share certificates in your home and be exposed to the various risks of lack of safety, mutilation, loss etc.Alternatively, you may deposit your shares in an organization called a Depository, which holds your shares in the electronic form. The advantages of the Depository System can be further compared with physical shares as below :

The risk of loss, mutilation is common for physical certificates and completely removed in electronic shares. Handling of a large number of physical certificates is ended in the Depository mode. In the electronic segment, there are no bad delivers as in physical segment. There is no stamp duty payable in electronic shares compared to the duty of 0.50% in the physical segment while transferring ownership. In loans against shares, banks usually charge a lower interest rate and margin money than in the physical share certificates. Settlements in the Stock Exchanges has commenced in the electronic segment and has proven to be far more efficient and convenient compared to physical shares.

Depository

02:22:00 / Posted by Professionalz / comments (0)

A Depository is a Company where the shares of an individual are held in the electronic form, at the request of the shareholder.This eliminates the physical form of holding. The National Securities Depository Limited (NSDL) was promoted by IDBI, UTI, SBI and NSE. The Central Securities Depository Limited (CDSL) was promoted by BSE .

Market Status and Amazing Trading System

02:03:00 / Posted by Professionalz / comments (0)

NIFTY seems to be resisting at the top trend line “TT”.
Image001
Commodity Status:

Gold: Bearish below $1595.
Silver: Bearish Below $ 40.
Crude Oil: Bullish above $93.5
Copper: Bearish Below $4.5
International Markets:
DOW: Bearish.
Confused about the commodity status? That is what the weekly close indicates, unless price reverses abruptly.

THE REAR GOLD

02:01:00 / Posted by Professionalz / comments (0)


Look at the intraday Chart of Gold. It looks like it is failing to pierce $1600. See the volume of selling near open. We might see surprises today…

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NIFTY JUNIOR

01:59:00 / Posted by Professionalz / comments (0)


Look at the Junior. You can very well see what a sell-off happened in Madcap…See the action of Nifty Junior. The senior is likely to follow the Junior

See chart attached ...


Image001

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