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      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.

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