Meaning of cumulative share holding as mentioned in mgt-9
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 May 2015
Dear Professional Colleague, I have one query regarding Annual Return to be filed in MGT-9.
In MGT-9 the Shareholding Pattern in Clause (iii) Change in promoters Shareholding, it is ask for 'Cumulative Share Holding During the Year'. What does it mean total share holding or any other issue.
In MGT-9 the Shareholding Pattern in Clause (iii) Change in promoters Shareholding, it is ask for 'Cumulative Share Holding During the Year'. What does it mean total share holding or any other issue.
27 May 2015
Dear This can be explained with the help of an example.
Suppose shareholding at beginning of FY was 100 after one month inc. of 20 shares and then after two months decrease in 35 shares.
So,
1. At beginning :- 100
2. After one month :- inc. 20; cumulative 120(100+20).
3. After two month:- dec. 35; cumulative 85(120-35)
4. At the end of year:- 85
Suppose shareholding at beginning of FY was 100 after one month inc. of 20 shares and then after two months decrease in 35 shares.
So,
1. At beginning :- 100
2. After one month :- inc. 20; cumulative 120(100+20).
3. After two month:- dec. 35; cumulative 85(120-35)
4. At the end of year:- 85
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