presentation of forfeiture of share in balance sheet

 

(Querist)
29 October 2011

Please tell me whtr below presentation is correct or not ?
Example

Existing Authorized capital: 35,00,000/-
Existing Paid up capital: Rs. 21,00,000/-
Fresh Issue during the year: Rs 30,00,000/- (3Lac shares of Rs. 10/-each) out of which Rs. 5 received and Rs 5 unpaid & shares forfeited.
Now:
Authorised capital: Atleast Rs. 51,00,000/- (to be increased from existing Rs. 35Lac)
Then form 2 to be filed;
Balance sheet presentation:
Authorized Capital: Rs. 5,10,000/- eq. shares of Rs. 10/- each
Issued, subscribed & paid up capital:
2,10,000 eq. shares of Rs. 10 each: 21,00,000/-
Add: shares forfeited 15,00,000/-
Total 36,00,000

Plz guide me.




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