CA Foundation doubt
1)Should we consider preference share capital while finding out if a company is a goverment company or not? 2) What should we do if a company has convertible preference shares?
Asked by Raghav15 Jun 2024364 views
CA Foundation doubt
Asked by Raghav15 Jun 2024364 views
Raghav · 15 Jun 2024
Like if a company has convertible preference shares...should we consider it as paid up capital for ascertaining whether it is a government company or not?
Shreejeet · 15 Jun 2024
2) didn't understand your question
Shreejeet · 15 Jun 2024
1) ownership of company depends on voting rights, as preference shares don't hold voting rights it is not considered
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