Consolidation of accounts

Vijal Porwal (Article) (33 Points)

05 October 2016  
A private limited co. (Holdind co.) holds 80% equity share capital of another private limited co. (subsidiary), now in F.Y. 2015-16 Subsidiary company issued Preference shares, so while calculating holding % for consolidation purpose (>50%) whether Total share capital we have to take or only equity share capital.