علی بیگ زاده

The director of the primary market supervision of the Securities and Exchange organization announced an explanation of the tax exemption for increasing the capital of companies from the accumulated profit from the issuance of a 100,000 billion toman license to increase the capital of 176 companies during 9 months.

Tehran, January. 24 (SENA)- According to the Securities  and Exchange News Agency (Sena) and quoting the Bourse Press, Ali Beigzadeh said about the organization's proposal to the Economic Commission of the Parliament to increase the capital of companies listed on the stock market and over-the-counter from the accumulated profit: It was implemented according to the legal license, but its duration was limited to one year.

He continued: "According to the new proposal and if approved by the parliament, the tax exemption for capital increase from accumulated profits will become law and will be included in the budget law." These issues will help keep capital in companies and help provide working capital to companies.

The official also explained to Bourse Press about the 9-month statistics of capital increase of listed and OTC companies: From the beginning of the year to the end of December, 176 companies were issued licenses to increase more than 100 thousand billion Tomans, which was equivalent to the whole last year. The same period last year shows a growth of 325 percent.

Beigzadeh added: "This volume of licenses to increase capital in the first 9 months of this year has been provided from three accumulated profits with 36%, surplus revaluation of assets with 35% and current claims of shareholders and cash and the rest with 17%.

Announcing the underwriting of more than 114.7 thousand billion Tomans of various types of debt securities (rental bonds, Murabaha, mortgage, standard parallel futures, interest and general Murabaha), he continued: During the 9 months leading up to Azar, amounting to 23.9 thousand billion Tomans Corporate and private sector bonds have been issued, which is 202% more than the same period last year with 7 thousand billion tomans.

Milani continued: The initial supply in the nine months of this year amounted to 28 thousand billion tomans. Meanwhile, the total initial public offerings of the stock market and OTC last year were 5.3 thousand billion tomans, which shows a growth of more than 5 times the initial public offerings this year.

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