Subscribed share capital less than issued

jxcess

Active Member
#1
What happens when subscribed share capital is less than issued capital? Does the company refund the money to the subscribers?
 

rvm123

Active Member
#2
Issued capital is the face value of the shares issued. Subscribed capital is from out of the issued capital whichever portion is subscribed by the public. So, always subscribed capital will be less than issued capital.
 

jxcess

Active Member
#3
Issued capital is the face value of the shares issued. Subscribed capital is from out of the issued capital whichever portion is subscribed by the public. So, always subscribed capital will be less than issued capital.
I got the answer from 11th std accountancy text book. subscribed capital has to be 90% of issued capital else money is refunded to the shareholders
 

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