{"id":135455,"date":"2023-03-31T15:44:06","date_gmt":"2023-03-31T10:14:06","guid":{"rendered":"https:\/\/www.mapsofindia.com\/my-india\/?p=135455"},"modified":"2023-03-31T15:44:06","modified_gmt":"2023-03-31T10:14:06","slug":"unnati-ltd-was-registered-with-an-authorised-capital-of-800000-divided-into-equity-shares","status":"publish","type":"post","link":"https:\/\/www.mapsofindia.com\/my-india\/quiz\/unnati-ltd-was-registered-with-an-authorised-capital-of-800000-divided-into-equity-shares","title":{"rendered":"Unnati Ltd. was registered with an authorised capital of % 8,00,000 divided into equity shares &#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;"},"content":{"rendered":"<h2>Question :Unnati Ltd. was registered with an authorised capital of % 8,00,000 divided into equity shares of \u20ac 10 each. The company issued a prospectus inviting applications for 60,000 equity shares. The company received applications for 58,000 equity shares. All calls were made and were duly received except the second and final call of \u00a5 3 per share on 3,000 shares held by Manit. These shares were forfeited.<\/h2>\n<h2>(i) Present the share capital in the Balance Sheet of the company as per Schedule III, Part I of the Companies Act, 2019.<br \/>\n(ii) Also prepare \u201cNotes to Accounts\u201d for the same.<\/h2>\n<h3>The correct answer is -(i) Share Capital in the Balance Sheet of Unnati Ltd. as per Schedule III, Part I of the Companies Act, 2019:<\/h3>\n<h3>Authorized Share Capital: \u20b9 8,00,000 Issued and Subscribed Share Capital: 60,000 Equity Shares of \u20b9 10 each \u20b9 6,00,000 Add: Share Forfeited (3,000 Equity Shares) \u20b9 30,000 Sub-Total \u20b9 6,30,000 Less: Calls in Arrears (3,000 Equity Shares) \u20b9 9,000 Total \u20b9 6,21,000<\/h3>\n<h3>(ii) Notes to Accounts:Share Capital: Authorized Share Capital \u20b9 8,00,000 Issued and Subscribed Share Capital: 60,000 Equity Shares of \u20b9 10 each \u20b9 6,00,000 Add: Share Forfeited (3,000 Equity Shares) \u20b9 30,000 Sub-Total \u20b9 6,30,000 Less: Calls in Arrears (3,000 Equity Shares) \u20b9 9,000 Total \u20b9 6,21,000<\/h3>\n<h3>Calls in Arrears: Particulars No. of Shares Amount Calls in Arrears as at the beginning 0 0 Add: Calls in Arrears during the year 3,000 \u20b9 9,000 Less: Calls received during the year 0 0 Calls in Arrears as at the end 3,000 \u20b9 9,000<\/h3>\n","protected":false},"excerpt":{"rendered":"<p>Question :Unnati Ltd. was registered with an authorised capital of % 8,00,000 divided into equity shares of \u20ac 10 each. The company issued a prospectus inviting applications for 60,000 equity shares. The company received applications for 58,000 equity shares. All calls were made and were duly received except the second and final call of \u00a5 [&hellip;]<\/p>\n","protected":false},"author":21830,"featured_media":132233,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12119],"tags":[],"class_list":{"0":"post-135455","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-quiz"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/posts\/135455","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/users\/21830"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/comments?post=135455"}],"version-history":[{"count":1,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/posts\/135455\/revisions"}],"predecessor-version":[{"id":135460,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/posts\/135455\/revisions\/135460"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/media\/132233"}],"wp:attachment":[{"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/media?parent=135455"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/categories?post=135455"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/tags?post=135455"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}