Question

18.
Akash
Ltd.
is
registered
with
an
authorised
capital
of
*
8.00,00.000
divided
into
equity
shares
of
7
10
each
.
Subscribed
and
fully
paid
-
up
share
capital
of
the
company
was
om
* 4,00,00,000. For providing employment to the local youth and for the development of
the rural areas of the Jammu and Kashmir State, the company decided to set up a ford
processing unit in Anantnag district. The company also decided to open skill development
centres in Ladakh, Srinagar and Punch. To meet its new financial requirements, the
company decided to issue 1,00,000 equity shares of 3 10 each and 19,000, 9% Debentures
of * 100 each. The debentures were redeemable after five years. The issue of equity shares
and debentures was fully subscribed. A shareholder holding 1,000 shares failed to pay the
final call of 2 per share.
Present the share capital in the Balance Sheet of the company as per the provisions of
Schedule III of the Companies Act, 2013.“
Delhi 2017, Modified)​

Answer 1

Answer:

I only read a bit .. but what is this exactly ??