Subsidiary Determination

Questions › Category: Co.Audit - II › Subsidiary Determination

Dear Sir,
Whether convertible preference share capital will be taken into reckoning for determination of Holding Subsidiary Relationship and consequently for consolidation purposes as per Companies Act ,2013 .
Will the answer remain same if its non convertible preference share capital?

Question Tags: AS21, Companies Act, Consolidation, Preference Shares, Subsidiary

1 Answers

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Ravi Staff answered 5 years ago

Now it is amended convertible preference shares are not taken into consideration — Only equity shares are taken into consideration