Question

Which one of the following items is not a part of subscribed capital?

विकल्प

• Equity Shares

• Preference Shares

• Forfeited Shares

• Bonus Shares

Answer 1

Forfeited Shares

Explanation:

Subscribed Capital includes that portion of issued capital which has been taken up by the public, i.e. Equity Shares, Preference Shares, and even Bonus Shares (since they are issued to existing shareholders). But Forfeited Shares are those shares which were earlier subscribed but later cancelled due to non-payment.