Question

Ganesh Ltd. is registered with an authorised capital of  Rs 10, 00, 00,000 divided into equity shares of Rs 10 each. Subscribed and fully paid up capital of the company was Rs 6,00,00, 000. For providing employment to the local youth for the development of the tribal areas of Arunachal Pradesh the company decided to Set up hydropower plants there. The company also decided to Open skill development centres in Itanagar, pasighat and Tawang. To meet its new financial requirements, the company decided to issue 1,00,000 equity shares of Rs 10 each and 1,00,000, 9% debentures of Rs  100 each. The debentures were redeemable after five years at par. The issue of shares and debentures was fully subscribed. A shareholder holding 2,000 shares failed to pay the final call of Rs 2 per share.

Show the share capital in the Balance Sheet of the company as per the provisions of Schedule III of the Companies Act, 2013; also identify any two values that the company wishes to propagate

Answer 1

Balance Sheet
Particulars	Note No.	Rs
I. Equity and Liabilities   1. Shareholder’s Funds       a. Share Capital       b. Reserve and Surplus   2. Non-Current Liabilities      Long-Term Borrowings	1     2	6,09,96,000     1,00,00,000
Total

Notes to Accounts:

Note No	Particulars	Rs
1             2	Share Capital Authorised Share Capital    1,00,00,000 Equity Shares of Rs 10 each Issued, Subscribed, Called-up and Paid-up Share  Capital    61,00,000 Equity Shares of Rs 10 each fully called up  6,10,00,000    Less: Calls in Arrears (2,000× Rs 2)                                 (4,000)_____ Non Current Liabilities Long Term Borrowings	10,00,00,000       6,09,96,000   1,00,00,000

Values Involved:

1. Balanced Regional Growth

2. Providing Employment Opportunities