Question

Share capital of a company consists of 5,00,000 Shares of ₹ 10 each, ₹ 8 called up. All the shareholders have duly paid the called up amount. Share capital will be shown as ______.

Options

• Subscribed and Fully Paid

• Subscribed but not Fully Paid

• Both A and B

• None of the above

Answer 1

Share capital of a company consists of 5,00,000 shares of ₹ 10 each, ₹ 8 called up. All the shareholders have duly paid the called up amount. Share capital will be shown as subscribed but not fully paid.

Explanation:

• The company has 5,00,000 shares of ₹ 10 each.
• ₹ 8 is called up (out of ₹ 10).
• All shareholders have paid the called-up amount.

This means the shares are not fully called-up (₹ 2 per share still uncalled).
When the entire nominal value is not called up, the share capital is shown as: “Subscribed but not fully paid.”