List-I | List-II |
(A) Nominal Capital | (I) Offered to the public |
(B) Reserve Capital | (II) Called up capital minus calls in arrears |
(C) Paid up Capital | (III) Memorandum of Association |
(D) Issued Capital | (IV) Called only at the time of winding up |
List-I (Name of account to be debited or credited, when shares are forfeited) | List-II (Amount to be debited or credited) |
---|---|
(A) Share Capital Account | (I) Debited with amount not received |
(B) Share Forfeited Account | (II) Credited with amount not received |
(C) Calls-in-arrears Account | (III) Credited with amount received towards share capital |
(D) Securities Premium Account | (IV) Debited with amount called up |