Form 1 - Incorporation of a Company

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Daniel Benjamin (Querist)
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24 March 2011 Would anyone Please explain me the following terms: Authorised capital and Subscribed capital, Preference shares.

In my case: the Authorised capital is 1,00,000/- and the euity share value is Rs.10/-

and please help me out to fill the following:

(a) Authorised capital of the company ( in Rs.) - 1,00,000.00
Break up of Authorised capital:
Number of equity shares - 10,000
Total amount of equity shares (in Rs.)-? __________.
Nominal amount per equity share-? _________.
Number of preference shares-? ___________.
Total amount of preference shares (in Rs.)-? _____________.
Nominal amount per preference share-? __________.
(b) Subscribed capital of the company ( in Rs.)-? _________.
Break up of Subscribed capital:
Number of equity shares-? __________.
Total amount of equity shares (in Rs.)-? __________.
Nominal amount per equity share-? __________.
Number of preference shares-? __________.
Total amount of preference shares (in Rs.)-? ____________.
Nominal amount per preference share-? ___________.

Jayashree S Iyer

Jayashree S Iyer (Expert)
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24 March 2011 a) Authorised capital of the company ( in Rs.) - 1,00,000.00
Break up of Authorised capital:
Number of equity shares - 10,000
Total amount of equity shares (in Rs.)-? 1,00,000/-.
Nominal amount per equity share-? 10/-
Number of preference shares-? 0
Total amount of preference shares (in Rs.)-? 0
Nominal amount per preference share-? 0
(b) Subscribed capital of the company ( in Rs.)-? 1,00,000/-
Break up of Subscribed capital:
Number of equity shares-? 10,000
Total amount of equity shares (in Rs.)-? 1,00,000/-
Nominal amount per equity share-? 10/-
Number of preference shares-? 0
Total amount of preference shares (in Rs.)-? 0
Nominal amount per preference share-? 0

Paid up capital bifurcation would also be on the above lines viz., 1,00,000/- equity
and 0 preference.

Daniel Benjamin

Daniel Benjamin (Querist)
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24 March 2011 What if the directors of the company is given shares. I mean 2 directors have 50%-50% share on the company, will the figure change in form 1?

Thanks for your answers!

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