To become a member of Young & Grow, you have to keep a minimum Initial Capital of Rs.100000/- (Rupees One Lac Only) & multiple thereof to get research based services in commodities for tenure of 12 months. |
| Young & Grow Membership Tenure: |
| |
12 (Twelve) Months from the Date of enrolling. |
| Minimum Initial Capital required to be a Member of Y & G: |
| |
Rs.100000/- (Rupees One Lac Only) & Multiple thereof. Payment should be made strictly by Cheque/Pay Order/Demand Draft. |
| Refund of Initial Capital |
| |
This Initial Capital will be refunded at the end of Tenure (Please look at the example given below). |
| Taxation & Liability |
| |
Any Taxes viz; Capital Gain(Short Term/ Long Term) T.D.S, Service Tax etc. are in force or imposed in future by Central/State & Local Government of India will be the Liability of the Member. Young & Grow will not be responsible if any default in paying taxes by the member to the respective governing authority. |
Example: For Initial Capital of Rs.100000/-
Date of Investment: 1st April 2009 to 15th April 2009 |
Months |
Growth
Amount |
Principal
Amount |
Total
Amount |
Cheque
Date |
| 1 |
5000 |
0 |
5000 |
15/05/09 |
| 2 |
5000 |
0 |
5000 |
15/06/09 |
| 3 |
5000 |
0 |
5000 |
15/07/09 |
| 4 |
5000 |
0 |
5000 |
15/08/09 |
| 5 |
5000 |
0 |
5000 |
15/09/09 |
| 6 |
5000 |
0 |
5000 |
15/10/09 |
| 7 |
5000 |
0 |
5000 |
15/11/09 |
| 8 |
5000 |
0 |
5000 |
15/12/09 |
| 9 |
5000 |
0 |
5000 |
15/01/10 |
| 10 |
5000 |
0 |
5000 |
15/02/10 |
| 11 |
5000 |
0 |
5000 |
15/03/10 |
| 12 |
5000 |
0 |
5000 |
15/04/10 |
| TOTAL |
60000 |
100000 |
160000 |
|
|
|
