Capital subscribed by the public is called Subscribed Capital.

Paid-up capital means amount of capital actually paid by shareholders.

Authorised capital is the amount with which company is formed.

__________ shares enjoy preference as to dividend and repayment of capital over shares.

Shares of a limited company can be classified into

Share premium amount can be distributed as dividend amongst the shareholders.

In the very first year of working of the company, shares can be issued at discount.

If calls on shares are not received, company can forfeit these shares.

The Company Law Board's permission is required for issue of shares at a discount.

Find Profit attributable to shareholders if

• Profit before tax = 12000
• Tax = 4000