Himmat Ltd has authorised share capital of Rs. 50,00,000 divided into 5,00,000 Equity Shares of Rs. 10 each. It has existing issued and paid up capital of Rs. 5,00,000. It further issued to public 1,50,000 Equity Shares at par for subscription payable as under:
On Application : Rs. 3
On Allotment : Rs. 4 and Balance
On Call: Amount.
The issue was fully subscribed and allotment was made to all the applicants. Call was made during the year and was duly received. Show share capital of the company in the Balance Sheet of the Company.
