What Is Section 16

A person is subject to section 16 solely by being a member of a group as described in section 13 d 3 and rule 13d 5 b thereunder that beneficially owns more than 10 percent of such a class of equity security.

What is section 16. Sixteenth section lands are not ordinary public lands. Under this new provision of the income tax act a taxpayer who has income that is chargeable under the head salaries should allow deduction of rs 40 000 or the salary amount whichever is less for the computation of the taxable income. The person no longer agrees to act together with the other group members for the purpose of acquiring holding voting or disposing of equity securities of the issuer.

The sixteen 16 sections of the safety data sheet sds daniel stoehr. While little if any analysis is required to designate the individuals with titles enumerated above as executive officers companies are faced with a factual determination of who performs a. A note to rule 16a 1 f indicates that the term policy making function is not intended to include policy making functions that are not significant.

Deduction under section 16 ia states that a taxpayer having income chargeable under the head salaries shall be allowed a deduction of rs. Basics of 16th section land the 108 trustee school districts raise public education funds by leasing 16th section land which is partitioned and classified for different uses. 50 000 or the amount of salary whichever is less for computing his taxable income.

Section 16 section 16 a provision of the securities exchange act of 1934 that requires company insiders to file periodic reports disclosing their holdings and changes in beneficial ownership of the company s equity securities. What is section 16. Classifications include agricultural forestry farming hunting and fishing recreational residential industrial and mining.

They are trust land and legal principles regarding the management of trust apply. Title to sixteenth section land is vested in the state of mississippi in trust for the support of public education. Section 16 a of the exchange act of 1934 the exchange act requires the reporting of beneficial ownership by the officers directors and stockholders who hold stock directly or indirectly beneficially owning more than 10 of the company s common stock or other class of equity securities registered under section 12 b or 12 g of the exchange act.

Securities lawyer 101 blog. Section 16 is a rule within the securities exchange act of 1934 sea that articulates the regulatory filing responsibilities that directors officers and principal stockholders are legally.