Akash Ltd. is registered with an authorised capital of Rs. 8,00,00,000 divided into equity shares of Rs. 10 each. Subscribed and fully paid-up share capital of thecompany was Rs.4,00,00,000. For providing employment to the local youth and for the development of therural areas of theJammu and Kashmir State, thecompany decided to set up a food processing unit in Anantnag district. The company also decided to open skill development centres in Ladakh, Srinagar andpunch. To meet its new financial requirements, thecompany decided to issue 1,00,000 equity shares of Rs. each and 10,000, 9% Debentures of Rs. 100 each. The debentures were redeemable after five years. The issue of equity shares anddebentures was fully subscribed. A shareholder holding 1,000 shares failed to pay thefinal call of Rs. 2 per share. Present theshare capital in theBalance Sheet of the company as per the provisions of Schedule III of the Companies Act, 2013.

Akash Ltd. is registered with an authorised capital of Rs. 8,00,00,000

1.	Akash Ltd. is registered with an authorised capital of Rs. 8,00,00,000 divided into equity shares of Rs. 10 each. Subscribed and fully paid-up share capital of thecompany was Rs.4,00,00,000. For providing employment to the local youth and for the development of therural areas of theJammu and Kashmir State, thecompany decided to set up a food processing unit in Anantnag district. The company also decided to open skill development centres in Ladakh, Srinagar andpunch. To meet its new financial requirements, thecompany decided to issue 1,00,000 equity shares of Rs. each and 10,000, 9% Debentures of Rs. 100 each. The debentures were redeemable after five years. The issue of equity shares anddebentures was fully subscribed. A shareholder holding 1,000 shares failed to pay thefinal call of Rs. 2 per share. Present theshare capital in theBalance Sheet of the company as per the provisions of Schedule III of the Companies Act, 2013.
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