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Directors issued 20,000 equity shares of ₹ 100 each at par. These were fully subscribed and called up. All money was received except one shareholder holding 100 equity shares failed to pay a final call of ₹ 20 per share. Calculate the amount of Paid-up capital of the company.

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Fully subscribed and called-up amount = 20,000 equity shares × ₹ 100 each share = ₹ 20,00,000

But one share holder failed to pay final call of ₹ 20 per share of 100 equity shares means Non-payment of shares = 100 equity shares × ₹ 20 per share = ₹ 2,000

∴ Total Paid-up capital amount = ₹ 20,00,000 – ₹ 2,000 = ₹ 19,98,000

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