Form 1 - Incorporation of a Company

This query is : Resolved 

24 March 2011 Would anyone Please explain me the following terms: Authorised capital and Subscribed capital, Preference shares.

In my case: the Authorised capital is 1,00,000/- and the euity share value is Rs.10/-

and please help me out to fill the following:

(a) Authorised capital of the company ( in Rs.) - 1,00,000.00
Break up of Authorised capital:
Number of equity shares - 10,000
Total amount of equity shares (in Rs.)-? __________.
Nominal amount per equity share-? _________.
Number of preference shares-? ___________.
Total amount of preference shares (in Rs.)-? _____________.
Nominal amount per preference share-? __________.
(b) Subscribed capital of the company ( in Rs.)-? _________.
Break up of Subscribed capital:
Number of equity shares-? __________.
Total amount of equity shares (in Rs.)-? __________.
Nominal amount per equity share-? __________.
Number of preference shares-? __________.
Total amount of preference shares (in Rs.)-? ____________.
Nominal amount per preference share-? ___________.

24 March 2011 a) Authorised capital of the company ( in Rs.) - 1,00,000.00
Break up of Authorised capital:
Number of equity shares - 10,000
Total amount of equity shares (in Rs.)-? 1,00,000/-.
Nominal amount per equity share-? 10/-
Number of preference shares-? 0
Total amount of preference shares (in Rs.)-? 0
Nominal amount per preference share-? 0
(b) Subscribed capital of the company ( in Rs.)-? 1,00,000/-
Break up of Subscribed capital:
Number of equity shares-? 10,000
Total amount of equity shares (in Rs.)-? 1,00,000/-
Nominal amount per equity share-? 10/-
Number of preference shares-? 0
Total amount of preference shares (in Rs.)-? 0
Nominal amount per preference share-? 0

Paid up capital bifurcation would also be on the above lines viz., 1,00,000/- equity
and 0 preference.

24 March 2011 What if the directors of the company is given shares. I mean 2 directors have 50%-50% share on the company, will the figure change in form 1?

Thanks for your answers!




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries