Share application money yet to be paid by holding co. to sub

Teja K (Practicing CA) (36 Points)

25 May 2013  
A 100% subsidiary was incorporated, say S Ltd, whose Holding company is H ltd.
S ltd was incorporated with 100,000 Equity, but H Ltd has only transferred Rs 35000 as on 31.03.2013.
what should be the accounting treatment in H Ltd books ?
 
a) Should we show 100,000 investment and show 65,000 payable ? or...
b)Should we show only 35,000 as investment ?
 
Thanks in advance. Appreciate your reply