HomeTestsSearchRankProfile
mediumMCQCUET Accountancy2026Accountancy
1 mark

In order to bring clarity regarding the identity of ultimate owners of a company, disclosure of shares in the company held by each shareholder is required for anyone holding more than _____ of the shares, specifying the exact number of shares held.

  1. A
    5%
  2. B
    10%
  3. C
    12%
  4. D
    15%

Solution & Step-by-step Explanation

Under the disclosure mandates of Schedule III of the Companies Act, 2013, a company must explicitly declare the shareholding details for any investor holding more than 5% of the shares in the company.

Practice this question

Try it yourself before checking the explanation above.

In order to bring clarity regarding the identity of ultimate owners of a company, disclosure of shares in the company held by each shareholder is required for anyone holding more than _____ of the shares, specifying the exact number of shares held.
A
5%
B
10%
C
12%
D
15%

Share This Question

Financial StatementsNature/Structure

Related Questions

easyMCQ

Which one of the following statements is true?

easyMCQ

Which of the following statements is not correct?

easyMCQ

Which one of the following statements is correct?

easyMCQ

The product formed by the reaction of an aldehyde with a primary amine is:

easyMCQ

Which part of the tobacco plant is infected by Meloidogyne incognita?

easyMCQ

The term ecosystem was coined by:

Ready for a Full Test?

Practice with timed mock tests and track your performance across Accountancy.

Browse TestsLeaderboard

Discussion