Ownclasses

Ganesh Ltd. is registered with an authorised capital of 10,00,00,000 divided into equity shares of ₹ 10 each. Subscribed and fully paid up capital of the company was ₹ 6,00,00,000. For providing employment to the local youth for the development of the tribal areas of Arunachal Pradesh the company decided to Set up a hydro power plants there. The company also decided to Open skill development centres in Itnaagar, pasighat and Tawang. To meet its new financial requirements, the company decided to issue 1,00,000 equity shares of ₹ 10 each and 1,00,000, 9% debentures of ₹ 100 each. The debentures were redeemable after five years at par. The issue of shares and debentures was fully subscribed. A shareholder holding 2,000 shares failed to pay the final call of ₹ 2 per share.
Show the share capital in the Balance Sheet of the company as per the provisions of Schedule III of the companies Act, 2013; also identify any two values that the company wishes to propagate.

Answer
Ganesh Ltd. is registered with an authorised capital of ₹10,00,

Values company wishes to propagate:
1. Balanced Regional Growth
2. Providing Employment Opportunities