13 November 2009
A pvt. Ltd. Co. in which subscribed capital is Rs. 300000/- at the time of incorporation and there was three subscribers to the Memorandum. One of them is not paid money at the time of allotment.
Wat should we do for his shares i.e. for 10000 shares for which his name is already mentioned in MOA and we are not getting any subscripttion money from him.
Now the queation is wat is subscribed, paid up and issued capital of the company.
Issued Capital means one which is being iisued to subsribe.
Subsribed Capital means one which has been subscribed the capital.
Paid Up Capital means one which has been paid their money for allotment and so on.
Here you keep as share allotment pending for 10000 shares. While furnishing the subscribed capital you have show only as 300000/- minus 10000 shares of Rs.___
But I have a question that if we show it as share allotment pending then for later period wats the status of it? is it always shown in bal sheet as share allotment pending as he vl never paid that money.
And also tel me that wat shuld we do for his shares i.e.10000 shares of rs. 10 each.
CAclubindia
