Sahil Jain (FAFD, DISA, CA)
(Practicing Chartered Accountant )
(2476 Points)
Replied 16 July 2020
Unsubscribed capital shall be fresh issue.
For eg : Authorised Sh Capital - 5 Lakh
Subscribed & Paid up - 1 Lakh
Balance 4 Lakh share which are unsubscribed can be fresh issued.
Niche Compliance
(122 Points)
Replied 16 July 2020
Yes it can be freshly issued.
It will increase the paid up capital of the company.
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