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Corporate Identity Number: L27100MH1907PLC000260 Registered Office: Bombay House, 24, Home Body Street, Fort, Mumbai 400 001, India Tel: +91 22 6665 8282; Website: www.tatasteel.com Contact Person:
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How to fill out reconciliation of share capital

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How to fill out reconciliation of share capital

01
Obtain the latest balances of share capital accounts from the company's records.
02
Reconcile the balances by comparing them with the company's financial statements and transactions.
03
Investigate any discrepancies and make necessary adjustments to ensure the accuracy of the share capital accounts.
04
Prepare a detailed reconciliation report showing the adjustments made and the reasons for them.
05
Present the reconciliation report to the company's stakeholders for review and approval.

Who needs reconciliation of share capital?

01
Shareholders
02
Company directors
03
Auditors
04
Regulatory authorities
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Reconciliation of share capital is a process that ensures that the company's recorded share capital matches with the issued share capital and paid-up capital. It helps in identifying discrepancies and ensures compliance with regulatory requirements.
Companies that have issued shares and are required to comply with regulatory filings, such as public companies or companies governed by specific regulatory frameworks, must file reconciliation of share capital.
To fill out reconciliation of share capital, companies should gather information on issued shares, paid-up capital, shareholder details, and any changes occurring during the financial year. They then complete the prescribed format including these details and present any discrepancies.
The purpose of reconciliation of share capital is to ensure that the share capital is accurately recorded, verify compliance with regulatory norms, and facilitate transparency in the company's financial standing.
Information that must be reported includes the number of equity shares issued, the number of shares subscribed and paid-up, changes in share capital during the period, and details of any buybacks or issues of shares.
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