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The Financial Statements are prepared in Indian AS. Some portion of redeemable pref. shares are shown in other equity ( as equity portion of compound financial instrument) and 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 amount 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

Accounts

Posted By: Asheeba pereira 7 year(s) ago

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Shivam Singhal

Indebtedness means the details of the total debentures, loans and deposits taken by the company which is outstanding as on the financial year end date.

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