Introduction:

Akshara Ltd is a company that was incorporated with a share of capital. When a company is incorporated, it means that it has been registered as a legal entity and has the capacity to own assets, enter into contracts, and be sued in its own name. One of the most important aspects of incorporating a company is the issue of shares. This article will explain the concept of share capital and how it relates to Akshara Ltd.

What is Share Capital?

Share capital is the amount of money that a company raises by issuing shares to its shareholders. Shares represent ownership in the company and entitle the shareholder to a portion of the company's profits and voting rights at shareholder meetings. Companies can issue different types of shares, such as ordinary shares, preference shares, and redeemable shares.

Akshara Ltd's Share Capital:

Akshara Ltd was incorporated with a share of capital, which means that it raised money by issuing shares to its shareholders. The amount of share capital that a company has is stated in its Memorandum of Association, which is a legal document that sets out the company's objectives and rules for its operation. The share capital of Akshara Ltd would have been determined at the time of its incorporation and may have been increased or decreased since then through additional share issues or share buybacks.

Uses of Share Capital:

The share capital of a company can be used for a variety of purposes, such as:

- Funding the company's operations and investments
- Paying off debts
- Rewarding shareholders through dividends or share buybacks
- Acquiring other companies or assets

Conclusion:

In summary, Akshara Ltd was incorporated with a share of capital, which is the amount of money the company raised by issuing shares to its shareholders. Share capital is an important aspect of company incorporation and can be used for various purposes to fund the company's operations and investments.

Akshara Company's authorized capitalstands at Rs 1.0 lakhs and has 100.0% paid-up capital which is Rs 1.0 lakhs.