Question:medium
Diwan Ltd. was registered with an authorised capital of ₹ 1,00,00,000, divided into 1,00,000 equity shares of ₹ 100 each. The company invited applications for issuing 50,000 shares. The amount was payable as follows:
On Application and Allotment – ₹ 30 per share
On First call – ₹ 40 per share
On Second and Final call – balance
The issue was fully subscribed. All amounts were duly received except from Nawal, a shareholder holding 700 shares, who failed to pay the second and final call. His shares were forfeited.
On the basis of the above information, answer the following questions:
(i) The Registered capital of Diwan Ltd. is:
Diwan Ltd. was registered with an authorised capital of ₹ 1,00,00,000, divided into 1,00,000 equity shares of ₹ 100 each. The company invited applications for issuing 50,000 shares. The amount was payable as follows:
On Application and Allotment – ₹ 30 per share
On First call – ₹ 40 per share
On Second and Final call – balance The issue was fully subscribed. All amounts were duly received except from Nawal, a shareholder holding 700 shares, who failed to pay the second and final call. His shares were forfeited. On the basis of the above information, answer the following questions: (i) The Registered capital of Diwan Ltd. is:
On First call – ₹ 40 per share
On Second and Final call – balance The issue was fully subscribed. All amounts were duly received except from Nawal, a shareholder holding 700 shares, who failed to pay the second and final call. His shares were forfeited. On the basis of the above information, answer the following questions: (i) The Registered capital of Diwan Ltd. is:
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Types of Share Capital:
- Authorised/Registered Capital: Maximum capital company can raise (as per MOA)
- Issued Capital: Part of authorised capital offered to public
- Subscribed Capital: Part of issued capital taken up by public
- Called-up Capital: Part of subscribed capital called for payment
- Paid-up Capital: Part of called-up capital actually received
Updated On: Mar 9, 2026
- ₹ 1,00,00,000
- ₹ 1,00,000
- ₹ 50,00,000
- ₹ 50,000
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The Correct Option is A
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