Mihir Manohar (CA Final - Article Assistant) (474 Points)
05 November 2013I am referring the case of Vodafone vs Union of India. But don't know about controlling Interest.
I simply wanna know the difference between Controlling Interest and Non-Controlling Interest?
Thanks.
CA. Kishore Kumar Sethy
(AGM F&A)
(49 Points)
Replied 05 November 2013
Interest has been referred here as financial interest. Having financial interest means having share in paid up capital of a company. Such share may bring a shareholder controlling power over that company or may not, depending upon percentage of shareholding. That controlling power is controlling interest. If a shareholding does not bring any controlling power then it is called non-controlling interest.
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