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Fr urgent doubt
Whether preference shares are to be taken while calculating the % of holding....plzz reply asap..
Replies (3)
Yes, you have to take into account the convertible preference shares while calculating the % of holding. Pls check this link and read my reply there for further details. /forum/companies-act-2013-effect-on-financial-reporting-nov-2014-301628.asp#.VUJTq9Kqqko
Means on the whole according to you...if preference shares are convertible then it wil be taken into consideration otherwise not...isnt it...correct me if i am wrong...
Yeah u are right..That is what I meant. And in case the question doesnt mention whether the preference shares are convertible or not, u can just write an assumption that the preference shares are non-convertible and solve the problem as per AS 21 by ignoring preference shares.
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