NK Ltd., a truck manufacturing company, is registered with an authorised capital of Rs. $1, 00, 00, 000$ divided into equity shares of Rs. $100$ each. The subscribed and paid up capital of the company is Rs. $50, 00, 000$ . The company decided to open technical schools in the Jhalawar district of Rajasthan to train the specially abled children of the area. It is planning to provide them employment in its various production units and industries in the neighbourhood area.
To meet the capital expenditure requirements of the project, the company offered $20, 000$ shares to the public for subscription. The shares were fully subscribed and paid.
Present the share capital in the Balance Sheet of the company as per the provisions of Schedule III of the Companies Act, 2013.
Also identify any two values that the company wants to communicate.

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Solution

SR.NO PARTICULARS AMOUNT
1 Authorised capital 1,00,00,000
Subscribed,called up and paid up
equity shares of Rs.100 each
{50,00,000 + (20000*100)} 70,00,000
Total equity share 70,00,000
Company wants to communicate values of rural development and employment generation in rural area.

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SR.NO	PARTICULARS	AMOUNT
1	Authorised capital	1,00,00,000
	Subscribed,called up and paid up equity shares of Rs.100 each {50,00,000 + (20000*100)}	70,00,000
	Total equity share	70,00,000

SR.NO PARTICULARS AMOUNT 1Authorised capital 1,00,00,000 Subscribed,called up and paid upequity shares of Rs.100 each{50,00,000 + (20000*100)} 70,00,000 Total equity share 70,00,000Company wants to communicate values of rural development and employment generation in rural area.

SR.NO PARTICULARS AMOUNT
1 Authorised capital 1,00,00,000
Subscribed,called up and paid up
equity shares of Rs.100 each
{50,00,000 + (20000*100)} 70,00,000
Total equity share 70,00,000
Company wants to communicate values of rural development and employment generation in rural area.