📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    Question

    A company is required to disclose the details of

    shareholders holding shares above a certain threshold in its financial statements. What is this threshold? 
    A Shareholding of more than 2.5% Correct Answer Incorrect Answer
    B Shareholding of more than 5% Correct Answer Incorrect Answer
    C Shareholding of more than 7.5% Correct Answer Incorrect Answer
    D Shareholding of more than 10% Correct Answer Incorrect Answer
    E Shareholding of more than 12% Correct Answer Incorrect Answer

    Solution

    As per Schedule III of the Companies Act, 2013, under the notes to accounts to the financial statements, details of shareholding of more than 5% of shares is to be disclosed.  In addition to this, details for all promoters, including changes during the year, regardless of percentage and beneficial interest is also disclosed.

    Practice Next
    ask-question