Ron it Ltd. was registered with an authorised capital of ₹ $\displaystyle 75,00,000$ divided into $\displaystyle 75,000$ equity shares of ₹ $\displaystyle 100$ each. The company invited applications for issuing $\displaystyle 45,000$ shares. The amount was payable as follows : ₹ $\displaystyle 30$ per share on application, ₹ $\displaystyle 30$ per share on allotment, ₹ $\displaystyle 25$ per share on first call and balance on final call. Applications were received for $\displaystyle 42,000$ shares and allotment was made to all the applicants. Charvi, to whom $\displaystyle 3,300$ shares were allotted, failed to pay both the calls. Her shares were forfeited. Present the share capital in the Balance Sheet of the company as per Schedule III, Part I of the Companies Act, 2013. Also prepare notes to accounts.

Balance Sheet of Ronit Ltd. (An Extract) as at………………………… Par-culars Note No. ₹ I. EQUITY & LIABILITIES Shareholders’ Funds Share Capital………………………….1 $\displaystyle 1$ $\displaystyle 40,68,000$ Notes to Accounts Par-culars ₹ 1.Share Capital Authorized Capital $\displaystyle 75,000$ Equity Shares of ₹$\displaystyle 100$ each……………….1 $\displaystyle 75,00,000$ Issued Capital $\displaystyle 45,00,000$ $\displaystyle 45,000$ Equity Shares of ₹$\displaystyle 100$ each………………..1 Subscribed Capital Subscribed and fully paid up $\displaystyle 38,70,000$ $\displaystyle 38,700$ Equity Shares of ₹$\displaystyle 100$ each……………… ½ $\displaystyle 1,98,000$ + Forfeited Shares A/c ($\displaystyle 3300$ x $\displaystyle 60$)……………… ½ ________ $\displaystyle 40,68,000$