Diwan Ltd. was registered with an authorised capital of ₹ 1,00,00,000, divided into 1,00,000 equity shares of ₹ 100 each. The company invited applications for issuing 50,000 shares. The amount was payable as follows:On Application and Allotment – ₹ 30 per share On First call – ₹ 40 per share On Second and Final call – balanceThe issue was fully subscribed. All amounts were duly received except from Nawal, a shareholder holding 700 shares, who failed to pay the second and final call. His shares were forfeited.On the basis of the above information, answer the following questions:(i) The Registered capital of Diwan Ltd. is:
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Types of Share Capital:
Authorised/Registered Capital: Maximum capital company can raise (as per MOA)
Issued Capital: Part of authorised capital offered to public
Subscribed Capital: Part of issued capital taken up by public
Called-up Capital: Part of subscribed capital called for payment
Paid-up Capital: Part of called-up capital actually received
Registered capital is always the highest among these.
We need to identify the registered capital of Diwan Ltd. from the given information. Step 1: Understand the term "Registered Capital". Registered Capital (also called Authorised Capital or Nominal Capital) is the maximum amount of capital that a company is authorized to raise by issuing shares, as stated in its Memorandum of Association. It is the capital with which the company is registered. Step 2: Identify the registered capital from the given information.
The first line of the question states:
"Diwan Ltd. was registered with an authorised capital of ₹ 1,00,00,000, divided into 1,00,000 equity shares of ₹ 100 each."
Therefore, the registered (authorised) capital is clearly ₹ 1,00,00,000.
Step 3: Analyze each option.
(A) ₹ 1,00,00,000: ✓ Correct. This matches the given authorised capital.
(B) ₹ 1,00,000: Incorrect. This is the number of shares, not the capital amount.
(C) ₹ 50,00,000: Incorrect. This is the issued capital (50,000 shares × ₹ 100), not the registered capital.
(D) ₹ 50,000: Incorrect. This is not related to any given figure.
