Question

Harsha Ltd. was registered with an authorised capital of Rs. 25,00,000 divided into 2,50,000 Equity Shares of Rs. 10 each. Promoters of the company had undertaken to subscribe 25,000 Equity Shares of Rs. 10 each once the company was incorporated. The amount was paid by the subscribers and received by the company.

The company later issued at par 2,00,000 shares to the public for subscription. It received applications for 1,80.000 Equity Shares both through ASBA and physical mode. Shares were allotted to all the applicants.

Determine the Authorised Share Capital, Issued Share Capital and Subscribed Share Capital of Harsha Ltd.

Answer 1

Notes to Accounts:

Particulars	Amount (₹)
1. Share Capital
Authorised Capital
2,50,000 Equity Shares of Rs. 10 each	25,00,000
Issued Capital
2,25,000 Equity Shares of Rs. 10 each (25,000 to Promoters + 2,00,000 to Public)	22,50,000
Subscribed Capital
Subscribed and Fully Paid-up:
2,05,000 Equity Shares of Rs. 10 each (25,000 by Promoters + 1,80,000 by Public)	20,50,000