Saturday, March 14, 2009

Companies Act_Practical Problems_65

XYZ Ltd., a suspended listed co. has the follwoing capital details in its balance sheet.Authorised Share Capital: Rs. 3.50 Crores (35 Lakh Equity Shares of Rs. 10/- each. Issued, subscribed and paid up share capital: 30 Lakh Equity shares of rs. 10/-each Rs. 3,00,00,000, less: Call in arrear Rs. 1,20,00,000 = Rs. 1,80,00,000. Whether that companyp is required to obtain the Compliance Certificate for the year 2007 - 08.