( Author )
29 October 2011
Please tell me whtr below presentation is correct or not ?
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.
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/-
Plz guide me.