‘Suvidha Ltd.’ is registered with an authorized capital of Rs 10,00,00,000 divided into10,00,000 equtiy shares of Rs 100 each. The company issued 1,00,000 shares for public subscription. A shareholder holding 100 shares, failed to pay the final call of Rs 20 per share.
His shares were forfeited shares were re-issued at Rs 90 per share as fully paid up.
Present the ‘Share Capital’ in the Balance Sheet of the company as per Schedule VI Part I of the Companies Act, 1956. Also prepare, ‘Notes to Accounts’.
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