issued capital

This query is : Resolved

P.C. Joshi (Querist)
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18 July 2011
Present paid sup capital of a Pvt.. Co is Rs 51,01000/- divided into 510100 equity shares of Rs 10 each. Details of shareholing is as under:

A 306000 shares
B 4000
C 100
D 200000

Total 510100 shares

The company has comeout for a right shares(3 shares for 1 share)

Within the validity time of 15 days to subscrbe in rights issue only A applied for right shares and other shareholders did not subscibe. And those shares are not issued to any one Board issued 918000 shares to A and files form 2.

Subcribed and paid up capital in the form 2 has been shown as Rs. 1,42,81,000/- which is correct(Rs 5101000 existing and Rs 9180000 issued to A under rights issue)

Query :

What will be the subscribed capital i.e. Rs 1,42,81,000/- ie. whether equal to subscribed and paid up capital or Rs 20404000/- ie. equal to existing paid up capital plus the amount of shares offered under rights issue.(irrespective of the shares have been subscribed or not fully)

Thanks & Regards

P.C. Joshi

P.C. Joshi

P.C. Joshi (Querist)
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18 July 2011 Correction:

Query may read as 'waht will be the issued capital." Rest everything remain unchanged.

P.C. Joshi

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