FlipItClassroom - Offer For Sale (OFS)
Thu, Aug 27, 2020 5:51 PM

FlipItClassroom - Offer For Sale (OFS)

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OFS (Offer for Sale) is a transparent process through which promoters of listed companies can sell their shares at the exchange. Companies should notify the stock market at least two banking days before the stake release. Clients need to bid for the stocks above the floor price, and they can also obtain a discount on the bidding value.

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Mall owners to stand by their tenants amid pandemic: SCAI

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Shopping Centres Association of India has stated that mall owners will stand by their tenants & are likely to offer relief to retail stores, food outlets & multiplexes amid the fresh COVID wave. “A final decision in this regard would be taken after the end of this month after assessing the impact, as the restrictions imposed by the state government are changing every week”, says SCAI director.

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Upcoming budget could consider levying TDS/TCS on crypto trading

Upcoming budget could consider levying TDS/TCS on crypto trading

In the upcoming budget, the government could consider levying TDS/TCS on the sale and purchase of cryptocurrencies above a certain threshold. Nangia Andersen LLP Tax Leader Aravind Srivatsan says such transactions should be brought within the ambit of specified transactions for the purpose of reporting to income tax authorities.

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