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what is mean by paidup capital.?
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Answer / swathi
paid up capital is issue of shares amount from authorized
share capital.ex if the investment is 300000shares per
share is 10/- then it will be authorized capital will be
3,00,00,000/-.then the director can use the money till
30000000/-.but this they will not take at a time.one time
they may take10000 share and second may be 20000/-,third
time 50000/-. when the financial year ending we will
calculate the paid up catial money = money receievd by
comapny from authorized capital.
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