Advertise With Us

    Indebtedness in MGT-7?

    Posted By : CS Shiriti / Published on : 29-Mar-2020 04:10 PM / View : 1789 / Comment : 0

    Print button
    The Financial Statements are prepared in Indian AS. Some portion of redeemable pref. shares are shown in other equity ( as the equity portion of the compound financial instrument) and the remaining portion in Long term Borrowings(as liability component of compound Financial Instrument).

    So the query is while preparing MGT-9 to calculate indebtedness whether we have to take the number of redeemable pref shares shown in Long term borrowings in Secured loans?

    Even for that matter the amount of indebtedness in MGT-7?
    What will be the paid-up capital of the Company?

    Only Equity Share Capital '
    Read more on : indebtedness

      Please Select File:



    Other Queries from CS Shiriti
    Like us on Facebook
    Follow Us on Twitter

    We are always here to help you. Don’t hesitate to contact us anytime!

    +91-9988424211 or ask@compliancecalendar.in