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?ÂSolution
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.
What is the code for ‘under recruited’?
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