Accounts - 82. page

FORFEITURE OF SHARES : If a shareholder fails to pay the allotment money and/or calls made on him, his shares are liable to be forfeited. Forfeiture of shares may be […]

ISSUE OF SHARES AT DISCOUNT : When shares are issued at a price lower than the face value, they are said to be issued at discount. Thus, the excess of […]

UNDER-SUBSCRIPTION OF SHARES In actual practice, it rarely happens that the number of shares applied for is exactly equal to the number of shares offered to public for subscription. If […]

OVER-SUBSCRIPTION OF SHARES : When the number of shares applied for exceeds the number of shares issued, the shares are said to be oversubscribed. In such situation, the directors allot […]

Calls-in-Advance and Interest on Calls-in-Advance : If authorised by the articles, a company may receive from a shareholder the amount remaining unpaid on shares, even though the amount has not […]

ISSUE OF SHARES AT PREMIUM : The shares of many successful companies which offer attractive rates of dividend on their existing capitals fetch a higher price than their face value […]

MEANING OF SHARES : A share is one unit into which the total share capital is divided. Each share forms a unit of ownership and is offered for sale so […]

Meaning of share capital When total capital of a company is divided into shares, then it is called share capital. A joint stock company raises its capital by issue of […]

Kinds of share capital The share capital of a company limited by shares shall be of two kinds under the Companies Act 2013, namely: – (a) Equity share capital : […]

Issue of Shares : When a public company desires to raise capital by issuing its shares to the public, it has to invite the public to subscribe for its shares. […]