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CUET Accountancy 2025 PYQs24 May Shift 1. Free, no login required.

Company Accounts

past year questions, CUET Accountancy 2025 24 May Shift 1

Share Capital

past year questions, Company Accounts, CUET Accountancy 2025 24 May Shift 1

Easy

Financial Statements

Disclosure of shares (specifying the number of shares held) in a company is required for each shareholder holding _________ shares.

Solution

✅ Correct Option: 2

As per the Companies Act, 2013 and Schedule III requirements, companies must disclose details of shareholders holding more than 5% of the total shares in the company.

This disclosure is mandatory in the Notes to Financial Statements and includes:

  • Name of each shareholder
  • Number of shares held
  • Percentage of total shareholding

The 5% threshold is considered a significant stake in the company and is important for:

  • Identifying substantial shareholders
  • Corporate governance and transparency
  • Determining potential related parties
  • Understanding ownership structure

For example, if a company has issued 1,00,000 equity shares, any shareholder holding more than 5,000 shares (i.e., more than 5%) must be individually disclosed in the financial statements.

Correct Answer: Option 2 - More than 5%

Related questions:

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(B) Issue of shares of Face Value Rs. 10 at Rs. 10 by Initial Public Offer

(C) Issue of shares of Face Value Rs. 10 at Rs. 9 by Initial Public Offer

(D) Issue of shares of Face Value Rs. 10 at Rs. 9 to its employees

Choose the correct answer from the options given below:

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