https://www.taxtmi.com/forum/issue?id=107737 X, an Indian private company holding all shares of a foreign subsidiary B, had a euro denominated loan to B that was converted into Indian rupees as at the prior balance date; in the following year that loan was converted into 700 shares of B at the nominal euro amount. The central accounting questions are the journal entries to extinguish the loan and recognise the additional investment, the valuation basis in INR for booking the transaction, and treatment of any foreign exchange differences between loan carrying amount and share subscription consideration. en-us Fri, 19 Dec 2014 22:32:16 +0530 Thu, 23 Jan 2025 15:57:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=107737 X, an Indian private company holding all shares of a foreign subsidiary B, had a euro denominated loan to B that was converted into Indian rupees as at the prior balance date; in the following year that loan was converted into 700 shares of B at the nominal euro amount. The central accounting questions are the journal entries to extinguish the loan and recognise the additional investment, the valuation basis in INR for booking the transaction, and treatment of any foreign exchange differences between loan carrying amount and share subscription consideration. Discussion-Forum Companies Law Fri, 19 Dec 2014 22:32:16 +0530 https://www.taxtmi.com/forum/issue?id=107737