PRACTICAL PROBLEMS

(Dividend treatment)
1. Solution
Key : Calculate dividend on equity capital and preference capital and disclose in the balance sheet as a Note.
Contingent Liability :
Directors recommended a dividend of 20% on equity capital and 14% on Preference share capital.

4. Solution
Key : TDS payable is credit. Payment to debenture holders is after deducting TDS.
1. Interest on Debenture A/c 30,000
To Debenture Holders A/c 27,000
To TDS payable 3,000

Statement of Profit & Loss (in ₹‘000)

Particulars Note No. ₹
Finance Cost 1 30.000

Balance Sheet
as on ………………. (in ₹‘000)
Particulars Note No. ₹
1. Equity & Liabilities
Non-Current Liabilities
Long Term Borrowings 2 200.000
Current Liabilities
Other Current Liabilities 3 3.000

Notes (in ₹‘000)

₹
1. Finance Cost
Interest on Debentures 30.000
2. Long Term Borrowings
15% Debentures 200.000
3. Current Liabilities
Other Current Liabilities
TDS 3.000

6. Solution
Key : Calculate bonus in the ratio of 1 bonus share for 3 shares held.
1
1. No. of bonus shares ´ 3,00,000 = 1,00,000
3
Bonus amount ₹10,00,000 (1,00,000 ´ 10).
Journal Entry
2. Statement of Profit and Loss Dr. 10,00,000
To Equity Share Capital 10,00,000
Balance Sheet
as on 31st March, 2018 (in ₹‘000)
Particulars Note No. ₹ ₹
I. Equity & Liabilities
1. Equity
a) Equity Share Capital 1 4000.000
b) Other Equity 2 1000.000 5000.000
Notes (in ₹ ‘000)
₹
1. Equity Share Capital
Issued & Subscribed
400,000 Equity Shares of ₹10 each 4000.000
(The above issue includes 1,00,000 shares of ₹10 each issued as bonus)
2. Other Equity
Securities Premium 500.000
P & L A/c 1500.000
Less: Utilized for Bonus Issue 1000.000 500.000
1000.000
8. Solution
Key : Prepare provision for taxation A/c to find out tax payable.

Provision for Tax A/c

Particulars Amount Particulars Amount
₹ ₹
To Advance Tax 30,000 By Balance b/d 50,000
To Income Tax Payable A/c 35,000 By Profit Loss (Short Prov.) 15,000
To Balance c/d 80,000 By Profit & Loss A/c (C.Y) 80,000
1,45,000 1,45,000

Statement of Profit & Loss

for the year ended 31st March, 2018 (in ₹‘000)
₹
Short provision for tax (last year) 15,000
Provision for Tax (current year) 80.000

Balance Sheet
as on 31st March, 2018 (in ₹‘000)
Particulars Note No. ₹ ₹
I. Equity & Liabilities
1. Current Liabilities
a) Other Current Liabilities 1 35.000
b) Short Term Provisions 2 40.000 75.000
Notes (in ₹‘000)
₹
1. Other Current Liabilities
Income Tax Payables 35.000
2. Short Term Provisions
Provision for Tax 80.000
Less Advance Tax 40.000
40.000

10. Solution
Key : Keep in mind the model entries
Journal entries in the books of Fig Ltd.
Date L.F. Dr. Cr.
` `
Statement of Profit & Loss Dr. 1,40,000
To Provision for Current Tax A/c (for 2017–18) 1,40,000
(Being the current tax expense for 2017–18 (4,00,000 ´ 35/100))
Statement of Profit & Loss Dr. 20,000
To Prior Period (2016–17) Tax Expense Account 20,000
(Being the difference between gross tax demand ₹ 2,20,000
and provision for current tax made in 2016–17)
Provision for Current Tax (2016–17) A/c Dr. 2,00,000
Prior Period (2016–17) Tax Expense A/c Dr. 20,000
To Income Tax (Payable / Refund) A/c 2,20,000
(Being transfer to Income Tax (Payable / Refund) A/c)
Income Tax (Payable / Refund) A/c Dr. 1,80,000
To Advance Tax (2016–17) A/c 1,80,000
(Being transfer to Income Tax (Payable / Refund) A/c)
Income Tax (Payable / Refund) A/c Dr. 40,000
To Bank A/c 40,000
(Being the net amount of tax liability for the year2016–17 paid)
12. Solution
Notes Forming Part of Accounts
Particulars ₹ ₹ ₹
Reserves & Surplus
General Reserve
a) Opening Balance 50,00,000 Add : Transfer
10,00,000 60,00,000
b) Debenture Redemption Reserve
Opening Balance 10,00,000
Add : Transfer 5,00,000 15,00,000
c) Surplus
Profit & Loss A/c – Balance 30,00,000
Add : Net Profit 40,00,000
70,00,000
Less : Transfers & Appropriations :
a) General Reserve 10,00,000
b) DRR 5,00,000
c) Interim Dividend 1,00,000 16,00,000 54,00,000
1,29,00,000
Notes forming part of Financial Statement: Interim dividend paid amount to ₹x/share which resulted in a cash outflow of ₹1
lakh.
Contingent Liability: Dividend declared is ₹x/share which will result in a cash outflow of ₹ 4,00,000 subject to the approval of
the same in the AGM.

35. Solution
Box Ltd.
Statement of changes in equity
for the year ended 31st March 2018
A. Equity Share Capital (₹ in crores)
Balance as on 1st April 2017 Change during the year Balance as on 31st March 2018
250 100 350

B. Other Equity
Capital Reserve Securities Premium General Revaluation P & L A/c
Reserve Reserve Surplus balance
Balance as on 8 4 20 4 25
18th April 2017
Change during the year – 50 30 15
Transfer to general reserve 7 (7)
Balance as on 8 54 27 34 33
31st March 2018
36. Solution
Analysis :
1. First prepare notes and then draw balance sheet and statement of profit & loss as per schedule III of Companies Act, 2013.
2. Show appropriations of Profit in Reserves & Surplus in balance sheet.
3. Provision for tax should be deducted from N.P. before tax and shown under ‘Short Term Provisions’.
4. TDS should be shown under ‘Short Term Loans & Advances’.
5. Dividend should be shown at gross under ‘Other Income’.
In the Books of JGB Ltd.
Balance Sheet as at 31st March, 2018 (₹ in crore)
Particulars Note
No.
1 2 3 4
Assets
1. Non–Current Assets
a) Property, Plant and Equipment 1 483.200
b)Investment Property 2 40.000
c)Other Non–current assets 523.200
2. Current Assets
a) Inventories 3 28.000
b) Cash and Cash Equivalents 4 9.520
c) Loans 5 .480
d) Other Current Assets 38.000
Total Assets 561.200
Equity and Liabilities
Equity
a) Equity share capital 6 400.00
b) Other equity 7 111.300 511.300
Liabilities
1. Non–Current Liabilities
a) Financial Liabilities
i)Borrowings 8 20.000
b) Other Non–Current Liabilities 20.000
2. Current Liabilities
a) Financial Liabilities
i) Trade Payables 9 24.000
b) Other Current Liabilities 10 .600
c) Provisions 11 5.300 29.900
Total Equity and Liabilities 561.200
See accompanying notes to the financial statements.

Statement of Profit and Loss

for the year ended 31-3-2018
Particulars Note No. ₹ ₹
1.Revenue from Operaions 12 84.960
2. Other Income 13 4.480
I. Total Revenue 89.440
Expenses :
1.Finance Cost 14 1.200
2.Depreciation and Amortization Expenses 15 48.800
3. Other Expenses 16 28.840
II. Total Expenses 78.840
III. Net Profit Before Tax 10.600
Less : Provision for Tax (50%) 5.300
IV. Net Profit After Tax 5.300
Notes to Accounts (₹ in crores)
Particulars ₹ ₹
1. Property, Plant and Equipment
a) Land and Building 260.000
Less : Depreciation @ 5% 8.000 252.000
b) Plant and Machinery 272.000
Less : Depreciation @ 15% 40.800 231.200
Total 483.200
2. InvestmentProperty 40.000
3. Inventories
Stock in Trade 28.000
4. Cash and Cash Equivalent
a) Cash 320
b) Bank 9.200
Total 9.520
5. Loans
Tax Deducted at Source .480
6. Equity Share Capital
Authorised :
40.000 crore Equity Shares of ₹ 10 each 400.000
Issued, Subscribed and paid up :
40.000 crores Equity Shares of ₹ 10 each 400.000
7. Other Equity
a) Security PremiumReserve 40.000
b) General Reserve 56,000
Add : Transfer 4.00 56.400
c) Profit and Loss A/c 10,000
Add : Net Profit for the year 5.300
Less : Transfer to General Reserve (400) 14.900
Total 111.300
8. Financial Liabilities – Borrowings
6% Debentures 20.000
9. Trade Payable
Creditors 24.000
10. Other Current Liabilities
Oustanding Interest on Debentures .600
11. Provisions
Provision for Tax 5.300
12. Revenue from Operations
Gross Profit 84.960
13. Other Income
Dividend 4.480
14. Finance Cost
Debenture Interest 600
Add : Outstanding 600
Total 1.200
15. Depreciation
a) Land and Building 8.000
b) Plant and Machinery 40.800
Total 48.800
16. Other Expenses
a) Administrative Expenses 20.800
b) Rent and Taxes 960
c) Audit Fees 1.200
d) Directors Fees 2,400
e) Sundry Expenses 3.480
Total 28.840
37. Solution
Analysis
1. First prepare notes and then draw balance sheet and statement of profit & loss as per schedule III of Companies Act, 2013.
2. Share issue expenditure disclose under “Other Non-current Assets”.
3. Market value of investment is just for information only.
4. Dividend recommended is shown in the Notes as per Revised AS 4.
5. Transfer to General Reserve should be deducted from surplus and added to General Reserve under, ‘Reserve & Surplus’.

In the books of Chleo Ltd.

Balance Sheet as at 31st March, 2018 (₹ in ‘000)
Particulars NoteNo.
1 2 3 4
Assets
1. Non–Current Assets
a) Property, Plant and Equipment 1 2470.00
b) Investment Property 2 150.000
c) Other Non–current assets 3 53.200 2673.200
2. Current Assets
a) Inventories 4 1000.000
b) Trade Receivables 5 916.000
b) Cash and Cash Equivalents 6 1108.000
c) Loans 7 194.800
d) Other Current Assets 3218.800
Total Assets 5892.000
Equity and Liabilities
Equity
a) Equity share capital 8 4000.00
b) Other equity 9 880.000 4880.000
Liabilities
1. Non–Current Liabilities
a) Financial Liabilities
i) Borrowings 10 600.000
b) Other Non–Current Liabilities 600.000
2. Current Liabilities
a) Financial Liabilities
i) Borrowings 11 100.000
ii) Trade Payables 12 280.000
b) Other Current Liabilities 13 10.000
c) Provisions 14 22.000 412.00
Total Equity and Liabilities 5892.00

Notes to Accounts
Particulars ₹ ₹
1. Property, Plant & Equipments
Fixed Assets (net Block) 2470.000
2. Investments Property
Investment at Cost in Land and Building (MV ₹178.00) 150.000
3. Other Non-Current Assets
Share Issue Expenses (assumed, amortizable after 12 months) 53.200
4. Inventories
Stock 1000.000
5. Trade Receivables
(Unsecured considered Good)
a) Sundry Debtors
– More than 6 months 104.000
– Other 696.000 800.000
b) Bills Receivable – Trade 116.000
916.000
6. Cash and Cash Equivalents
a) Balances with Banks 988.000
b) Cash on Hand 120.000
1108.000
7. Loans
Staff Advance 194.800
8. Equity
Equity Share Capital
Issued subscribed & Fully paid up 4000.000
(40.000 crore Equity Shares of₹ 100 each)
9. Other Equity
a) General Reserve
 Balance b/d 140.000
Transferred from P & L A/c 100.000 240.000
b) Surplus/(Deficit)
Balance in statement of Profit and Loss b/d 200.000
Surplus for the Year 540.000
Available for Appropriation 740.000
Less : Allocations and Appropriations
Transfers to General Reserve 100.000 640.000
880.000
10. Financial Liabilities :
Loan from BOB (Secured against stock) 6,00.000
11. Financial Liabilities– Borrowings
Short Term Loans 100.000
12. Trade Payables
a) Sundry Creditors for Goods 210.000
b) Sundry Creditors for Expenses 70.000
280.000
13. Other Current Liabilities
Unclaimed Dividend 10.000
14. Short Term Provisions
a) Provision for Tax 22.000
22.000
15. Contingent Liability :
The directors recommended dividend of ₹6/share which will result in a cash outflow of ₹240.000 crores.
38. Solution
Analysis
1. First prepare notes and then draw balance sheet and statement of profit & loss as per schedule III of Companies Act, 2013.
2. Take care of tax treatment.
3. Tax payable for previous, year should be disclosed under, ‘Other Current Liabilities’.
4. Proposed dividend shown as a Note as per Revised AS 4.
5. Transfer to Reserve should be deducted from ‘Surplus’ and added to General Reserve under, ‘Reserve & Surplus’.
Lidd Ltd.
Balance Sheet as at 31st March, 2018 (₹ in crore)
Particulars Note
No.
1 2 3 4
Assets
1. Non–Current Assets
a) Property, Plant and Equipment 1 550.000
b) Goodwill 2 76.000
c) Other Non–current assets 626.000
2. Current Assets
a) Inventories 3 215.000
b) Financial Assets
i) Trade Receivables 4 200.000
b) Cash and Cash Equivalents 5 217.000
d) Other Current Assets 632.000
Total Assets 1258.000
Equity and Liabilities
Equity
a) Equity share capital 6 500.000
b) Other equity 7 349.000 849.000
Liabilities
1. Non–Current Liabilities
a) Financial Liabilities
i) Borrowings 8 300.000
b) Other Non–Current Liabilities 300.000
2. Current Liabilities
a) Financial Liabilities
i) Trade Payables 9 86.000
b) Other Current Liabilities 10 8.000
c) Provisions 11 15.000 109.000
Total Equity and Liabilities 1258.000
Notes to Account (₹ in crores)
₹
1. Property, Plant & Equipment
Land 150.000
Other Fixed Assets (Net) 400.000 550.000
2. Goodwill
Goodwill 76.000
3. Inventories
Stock of Finished Goods 215.000
4. Trade Receivables
Debtors 200.000
5. Cash & Cash Equivalent
Cash on Hand 7.000
Bank Balance (Bank of India – Current A/c) 210.000
217.000
6. Equity Share Capital
Authorised
50.000croresEquity Shares of ₹ 10 each 500.000
500.000
Issued & Subscribed
50.000 crores Equity shares of ₹ 10 each fully paid up 500.000
500.000
7. Other Equity
General Reserve 149.000
Add : Transfer during the year 7.000 156.000

P & L A/c balance b/d 10.000

Add : Net Profit for the year 190.000
Less : Transfer to General Reserve 7.000 193.000
349.000
8. Financial Liabilities – Borrowings
 9 % Debentures (Secured Against Land) 100.000
Preference Share Capital 200.000
300.000
9. Trade Payables
Creditors 86.000
10. Other Current Liabilities
Tax Payable (–PY) 8.000
11. Short Term Provisions
Provision for Taxation 75.000
Less : Advance Tax 60.000 15.000
15.000
12. Contingent Liability
Directors recommended a dividend of ₹2/ equity share and ₹12/preference share which will result in a cash outflow of ₹ 100.000 crores
and ₹24.000 crores respectively.
39. Solution
Analysis
1. First prepare notes and then draw balance sheet and statement of profit & loss as per schedule III of Companies Act, 2013.
2. Share suspense A/c represents cash on sale of machinery. Calculate profit or loss on sale of machinery.
3. In this question bonus issue is given. The ratio is 1 bonus for 3 Equity shares held. The amount of bonus will be :
1
= ´ 15,00,000 = ₹ 5,00,000
3
4. Income Tax Assessment is completed for 2016–17. So prepare Current Tax A/c, Advance Tax A/c, Prior Period Tax,
Expense A/c and Income Tax (Payable / Refund) A/c.
1
5. Preliminary Expenses are written off every year to the extent of . The amount given in the Trial Balance is to be written off
5
now entirely.

Tilt Ltd.
Balance Sheet as at 31st March 2018 (₹ in crore)
Particulars Note
No.
1 2 3 4
Assets
1. Non–Current Assets
a) Property, Plant and Equipment 1 3300.000
b) Investment Property 2 480.000 3780.000
c) Other Non–current assets
2. Current Assets
a) Financial Assets
i) Trade Receivables 3 430.000
ii) Cash and Cash Equivalents 4 100.000
iii) Loans 5 80.000 610.000
b) Current Tax Asset (Net) (advance tax – demand) 20.000
Total Assets 4410.000
Equity and Liabilities
Equity
a) Equity share capital 6 2000.000
b) Other equity 7 1150.000 3150.000
Liabilities
1. Non–Current Liabilities
a) Financial Liabilities
i) Borrowings 8 1000.000
b) Other Non–Current Liabilities 1000.000
2. Current Liabilities
a) Financial Liabilities
i) Trade Payables 9 260.000
260.000
Total Equity and Liabilities 4410.000
See accompanying notes to the Financial Statements.

Notes forming part of Balance Sheet (₹in‘000)

₹ ₹
1. Property, Plant and Equipment
Gross Block 260.000
260.000
Plant &
Land Mach. Total
Opening Balance 900.000 3850.000 4750.000
Less : Sale – 50.000 50,000
Closing Balance 900.000 3800.000 4700.000

Depreciation Block
Opening Block 840.000 840.000
Add : Dep. for current Year 600.000 600.000
Less : Dep. on Assets sold (40.000) (40.000)
Closing Balance - 1400.000 1400.000
Net Block 9,00.000 2400.000 3300.000
2. Investment Property
Investments in Land and Building for rent 480.000
3. Trade Receivables
Sundry Debtors
Outstanding for more than 6 months 80.000
Outstanding for less than 6 months 350.000 430.000
4. Cash and Cash Equivalents
Bank 100.000
100.000
5. Loans
Advance Tax 200.000
Less : Prov. for Tax 120.000 80.000

6. Equity Share Capital

Authorised
25,000 Authorised Equity Shares of ₹ 100 each 2500.000
Issued, Subscribed, called up, paid up
15.000 crores Equity Shares of ₹ 100 each fully paid 1500.000
Add : 5.000 crores equity shares of ₹ 100 each issued as bonus 500.000
2000.000
7. Other Equity
Securities PremiumReserve 200.000

Capital Redemption Reserve 670.000

Less : Bonus issued 500.000 170.000

Profit and Loss A/c 360.000

Add: Current year 420.000 780.000
1150.000
Borrowings
8. Secured Loans
10% Debentures 1000.000
9. Trade Payables
Creditors 260.000

Statement of Profit & Loss

for the year ended 31st March, 2018 (₹ in crores)
Particulars Note Amount Amount
No. ₹ ₹
I. Revenue from operations 10 1900.000
II. Other Income 11 10.000
III. Total Revenue 1910.000
IV. Expenses
Finance Cost 12 100.000
Depreciation and Amortization Expense 13 600.000
Other Expenses 14 740.000
Total Expenses 1440.000
V. Profit Before Tax 470.000
Less : Provision for Tax 120.000
VI. Profit After Tax 350.000
Add : Excess Tax Provision Written Back 70.000
Surplus 420.000

Notes (₹in crores)

₹
10. Revenue from Operation
Gross Profit 19.000
11. Other Income
Profit on Sale of Machinery 10.000
12. Finance Cost
Debenture Interest 100.000
13. Depreciation and Amortization Expenses
Plant & Machinery 600.000
14. Other Expenses
A. Administrative Expenses
Administration Expenses 350.000
Sundry Expenses 100.000
Printing & Stationery 120.000
570.000
B. Selling & Distribution Expenses
Selling Expenses 150.000
C. Other
Preliminary Expenses w/off 20.000
Total (A + B + C) 740.000
1. Bonus
1
No. of Bonus Shares = ´ 15,000
3
= 5,000 shares of ₹ 100 each
= ₹ 5,00,000
2. Profit / Loss on Sale of machinery
Cost of machinery sold = 50,000
Less : Accumulated Depreciation = 40,000
W.D.V. = 10,000
Sale Proceeds (Share Suspense A/c) = 20,000
Profit on Sale = 10,000

3. Taxation
Dr. Current Tax A/c Cr.
Date Particular ₹ Date Particular ₹
2016–17 Tax Payable 4,00,000 2016–17 By Balance b/d 4,00,000
To Balance c/d 1,20,000 2017–18 By SOPL 1,20,000
5,20,000 5,20,000

Dr. Advance Tax A/c Cr.

Date Particular ₹ Date Particular ₹
2016–17 To Balance b/d 3,50,000 2016–17 By TaxPayableRefundA/c 3,50,000
2017–18 To Bank A/c 2,00,000 2017–18 By Balance c/d 2,00,000
5,50,000 5,50,000

Dr. Prior Period Tax Expense A/c Cr.

Date Particular ₹ Date Particular ₹
2016–17 To Profit & Loss A/c 70,000 By Tax Payable A/c 70,000
70,000 70,000

Dr. Tax Payable / Refund A/c Cr.

Date Particular ₹ Date Particular ₹
To Advance Tax A/c 3,50,000 2016–17 By Current Tax A/c 4,00,000
To Prior Period 70,000 By Tax Refund Due
- (Bal. Fig.) 20,000
4,20,000 4,20,000
40. Solution
Analysis :
1. First prepare notes and then draw balance sheet and statement of profit & loss as per schedule III of Companies Act, 2013.
2. Pass rectification and give effect on financial statement.
3. Preference Dividend in arrears should be disclosed as a Contingent Liability in the notes.
4. Shares issued for consideration other than cash is for disclosure under share capital.
5. The entry for dishonor of endorsed bill is :
Debtors A/c Dr. 10,000
To Dect Ltd. 10,000
6. Accrued Interest on loan ₹ 17,500 should be deducted from loan and shown as ‘Other Current Liabilities’.
7. Inventory should be valued at cost or at Market value whichever is less.
8. Market value of investment is just for disclose only.
9. Outstanding and prepaid expenses should be disclosed in the Balance Sheet only.

Kumar Ltd.
Balance Sheet as at 31st March 2018 (₹ in crores)
Particulars Note
No.
1 2 3 4
Assets
1. Non–Current Assets
a) Investment Property 1 42.000
42.000
2. Current Assets
a) Inventories 2 359.000
b) Financial Assets
i) Trade Receivables 3 744.500
ii) Cash and Cash Equivalents 4 111.000
iii) Loans 5 6.500
d) Other Current Assets 6 17.000 1238.000
Total Assets 1280.000
Equity and Liabilities
Equity
a) Equity share capital 7 855.000
b) Other equity 8 (410.000) 445.000
Liabilities
1. Non–Current Liabilities
a) Financial Liabilities
i) Borrowings 9 530.000 530.000
2. Current Liabilities
a) Financial Liabilities
i) Trade Payables 10 242.500
b) Other Current Liabilities (Net) 11 62.500 305.000
Total Equity and Liabilities 1280.000
See accompanying notes to the Financial Statements.
Notes forming part of Balance Sheet (₹ in crores)
₹ ₹
1. Investments Property
Investment in Land and Building for rent 42.000
42.000
2. Inventories
Stock in Trade (M.V. ₹ 380.000) 359.000
359.000
3. Trade Receivables
Debtors 649.500
Add: Dishonored Bill 10.000
Bills Receivable 85.000
744.500
4 Cash and Cash Equivalents
Balance with Bank : Scheduled Bank 102.000
Co-operative bank 9.000
111.000
5. Loans
Prepaid Expenses 6.500
6.500
6. Other Current Assets
Preliminary expenses (Assumed to be w/off during next 12 months) 17.000
17.000
7. Equity
 Share Capital
Authorised Share Capital
100.000 crores Equity Shares of ₹ 10 each 1000.000
Issued, Subscribed, and fully paid Share Capital
85.50 crores Shares of ₹ 10 each 855.000
8. Other Equity
P & L A/c (410.000)
9. Financial Liabilities Secured
Term Loans from Bank (secured against stock) 130.000
7% Preference Share Capital 400.000 530.000
10. Trade Payables
Creditors (141.500 + 10.000) 151.500
Bills payable 91.000 242.500
11. Other Current Liabilities
Interest Accrued but not due on borrowings 17.500
Outstanding Expenses 45.000
62.500
12. Contingent Liability :
Arrears of Preference dividend for two years amount to ₹7/share for each year. This will result in a total cash outflow of ₹ 56 crores.

Adjustment 3: Error is in the bank statement not in the company’s books of accounts. Thus, no adjustment required in the company’s books.

Adjustment 4:
Guidance note on division II [Jan 2022 edition] All the above details pertaining to aggregate number and class of shares allotted for
consideration other than cash, bonus shares and shares bought back need to be disclosed only if such event has occurred during a period of five
years immediately preceding the Balance Sheet date. Since disclosure is for the aggregate number of shares, it is not necessary to give the year-
wise break-up of the shares allotted or bought back, but the aggregate number for the last five financial years needs to be disclosed.
This disclosure is to be provided for instruments entirely equity in nature, to the extent applicable.