https://www.taxtmi.com/news?id=19180 Conversion of Non Cumulative Redeemable Preference Shares held by the President of India (through the Ministry of Railways) into Compulsorily Convertible Non Cumulative Preference Shares is implemented so that, under IND AS restatement of prior balance sheets, the instrument can be treated as share capital rather than showing a liability component that would render Konkan Railway Corporation Limited's net worth negative; the conversion restores positive net worth and averts adverse credit, bidding and "sick company" classification consequences. en-us Fri, 15 Dec 2017 17:45:15 +0530 Fri, 15 Dec 2017 17:45:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=19180 Conversion of Non Cumulative Redeemable Preference Shares held by the President of India (through the Ministry of Railways) into Compulsorily Convertible Non Cumulative Preference Shares is implemented so that, under IND AS restatement of prior balance sheets, the instrument can be treated as share capital rather than showing a liability component that would render Konkan Railway Corporation Limited's net worth negative; the conversion restores positive net worth and averts adverse credit, bidding and "sick company" classification consequences. News - Fri, 15 Dec 2017 17:45:15 +0530 https://www.taxtmi.com/news?id=19180