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?

1 answer

Ravi Staff April 26, 2019

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

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