The Shareholder's Manual; An Elementary and Nontechnical Treatise on the Investment of Capital in Stocks and Shares

The Shareholder's Manual; An Elementary and Nontechnical Treatise on the Investment of Capital in Stocks and Shares

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1922 edition. Excerpt: ... increase in the income tax which might have happened had the war continued for another five years to 10s. or more in the . Similarly, the company undertaking the payment of such dividends free of tax will benefit in the event of the income tax falling to below 5s. in the as now appears probable during the next few years. It must not be overlooked by the holder of " tax free " investments that he must include in the return of his income for assessment to income tax the gross amount of the dividend. In the example cited here he would return 5, not 3 15s. The investor has the right to re-claim any part of the tax which has been deducted from his dividend warrant for which he does not regard himself as liable. To do this he must obtain a form from his local income tax inspector for making the necessary claim to repayment by the Inland Revenue, and he must take great care to retain the income tax voucher which accompanies every dividend warrant, showing if and when the secretary of the company has deducted the amount of tax from the dividend. WINDING UP. In the event of a company proving unsuccessful, and the directors deciding, with the approval of the shareholders, to cease business, the winding-up of the affairs of the company may be by the Court, voluntarily, or subject to the supervision of the Court. Unless there is reason to suspect fraud or maladministration of the company's affairs, it is usual for the company to be wound up voluntarily. If one or a number of shareholders have reason to suspect there has been fraud or an attempt to hide up the affairs of the company by voluntary liquidation, an application may be made to the Court for the winding-up of the company. Such shareholder who petitions the Court...show more

Product details

  • Paperback | 46 pages
  • 189 x 246 x 3mm | 100g
  • Rarebooksclub.com
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236511034
  • 9781236511034