On first April authorised capital of 1 crore divided into 2 lakh equit...
Company Overview
The company has an authorized capital of 1 crore, divided into 2 lakh equity shares of Rs. 50 each. It issued 1,10,000 equity shares, which were fully subscribed.
Capital Structure
- Authorized Capital: Rs. 1 crore
- Number of Shares: 2 lakh shares
- Face Value per Share: Rs. 50
Share Issuance Details
- Shares Issued: 1,10,000 equity shares
- Amount per Share: Rs. 50
- Total Amount Raised: 1,10,000 shares * Rs. 50 = Rs. 55,00,000
Application and Allotment
- Application Money: Rs. 15 per share
- Allotment Money: Rs. 20 per share
- Total Money Received on Application and Allotment:
- Application: 1,10,000 * 15 = Rs. 16,50,000
- Allotment: 1,10,000 * 20 = Rs. 22,00,000
- Total Received: Rs. 38,50,000
Calls on Shares
- Final Call: Not made
- Call Money: Rs. 15 per share (not called)
Outstanding Amount
- Total Due per Share: Rs. 50 (Face Value)
- Amount Received: Rs. 35 (Application + Allotment)
- Outstanding per Share: Rs. 15 (Call not made)
Financial Summary
- Total Shares Issued: 1,10,000
- Total Outstanding Amount: 1,10,000 * Rs. 15 = Rs. 16,50,000
This summary highlights the financial position of the company regarding the equity shares issued. The outstanding balance reflects the amount yet to be called on the shares.
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