Question

Ronak Ltd. has issued 10,000 Equity Shares of ₹ 10 each and it has called the total nominal (face) value. It has received the total amount, except the final call of ₹ 3 on 500 Equity Shares. These 500 Equity Shares will be shown as ______.

पर्याय

• Subscribed and Fully Paid-up.

• Subscribed but not Fully Paid-up.

• Issued share capital.

• None of these.

Answer 1

Ronak Ltd. has issued 10,000 Equity Shares of ₹ 10 each and it has called the total nominal (face) value. It has received the total amount, except the final call of ₹ 3 on 500 Equity Shares. These 500 Equity Shares will be shown as subscribed but not fully paid up.

Explanation:

The company has called the full face value of the shares, but the final call of ₹ 3 per share on 500 shares has not been received. Therefore, these shares are subscribed but not fully paid-up.