Question

Study the following case/ situation and express your opinion:

Gillete Ltd. Company's capital structure is made up of 1.00.000 equity shares having a face value of ₹ 10 each. The company has offered to the public 40.000 equity shares and out of this the public has subscribed for 30,000 equity shares. State the following:

1. Authorized Share Capital
2. Issued Share Capital
3. Subscribed Capital

Answer 1

1. The authorized capital of Gillete Ltd. is ₹ 10,00,000/- comprising of 1,00,000/- shares @ 10 each.
2. Issued Share Capital is ₹ 4,00,000/- comprising 40,000 shares @ 10 each.
3. Subscribed Share Capital is ₹ 3,00,000/- comprising of 30,000 shares @10 each