Paid up capital

Paid up capital means capital which is actually paid in full by your share holders..

In your case if Rs. 1lac is paid then 1 lac will be your paid up capital....

agree with above

Thanks, vishnu priya and valji

Authorised capital means the amount of capital  a company is authised to raise. It is normally mentioned in Memorandam of assoication. The company cannot raise more capital than this limit unless permitted by Registrar by application. 

Within this limit, a company issues shares. Paid up capital means shares issued by a company for which it has received nominal value in payment