hi friend in new format of accounts statements we have to give details of share outstanding at the end of financial year....is it total of shares held by shareholders?
CS Rajveer Rai, Gurgaon (CS) (646 Points)
25 April 2012hi friend in new format of accounts statements we have to give details of share outstanding at the end of financial year....is it total of shares held by shareholders?
Chandan Kumar
(Strategy Analyst)
(384 Points)
Replied 25 April 2012
Yes, all the shares issued by the company which is reflecting in the B/S.
CS Rajveer Rai, Gurgaon
(CS)
(646 Points)
Replied 25 April 2012
Chandan Kumar
(Strategy Analyst)
(384 Points)
Replied 25 April 2012
No, it doesn't, reason being - Shares, till it is allotted should not be counted as issued. Receipt of application money is no guarantee of allotment, and it just signifies prospective shareholders willingness to subscribe to Co's share. Such shares shld be considered post allottment only.
The outstanding shares of a corporation are the shares of stock in the corporation that are currently owned by investors and which are available for trade. Shares held by company officers and insiders, as well as shares held by the general public, are considered to be outstanding.
Hope it helps...
CAclubindia
