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प्रश्न
Star Ltd. was registered with an authorised Capital of ₹1,00,00,000 divided into 40,000 8% Preference Shares of ₹100 each and 3,00,000 Equity Shares of ₹20 each.
It issued a prospectus inviting application for 2,00,000 equity shares at a premium of ₹30 each, payable non application; ₹5 on allotment (including premium) and balance on Call. Public applied for 2,50,000 shares. Full allotment was made to applicants for 2,00,000 shares and excess application money was refunded.
Allotment was made and allotment money was duly received except on 2,000 shares held by Varsha, while another shareholder Kirpa holding 500 shares paid the Call money also on allotment.
Present the ‘Share Capital’ in the Balance Sheet of the company as per Schedule III of the Companies Act, 2013. Also prepare ‘Notes to Accounts’.
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उत्तर
| Balance Sheet In the Books of Star Ltd. |
||
| Particulars | Note No. | Amount (₹) |
| Equity and Liabilities | ||
| 1. Shareholders’ Funds | ||
| (a) Share Capital | 1 | 23,90,000 |
Notes to Accounts
Note 1: Share Capital
| Particulars | Amount (₹) |
| Authorised Capital | |
| 40,000 8% Preference Shares of ₹100 each | 40,00,000 |
| 3,00,000 Equity Shares of ₹20 each | 60,00,000 |
| Total | 1,00,00,000 |
| Particulars | Amount (₹) |
| Issued Capital | |
| 2,00,000 Equity Shares of ₹20 each | 40,00,000 |
| Particulars | Amount (₹) |
| Subscribed Capital | |
| 2,00,000 Equity Shares of ₹20 each | 40,00,000 |
| Called-up Capital (₹10 per share) | 20,00,000 |
| Less: Calls-in-Arrears (2,000 shares × ₹5) | (10,000) |
| Subscribed but not fully paid-up Capital | 19,90,000 |
| Add: Securities Premium (2,00,000 shares × ₹20) | 4,00,000 |
| Total | 23,90,000 |
