Choose the correct statement :-

As per Schedule III of the Companies Act, 2013, the presentation of Share Capital follows a specific format:

In the Balance Sheet:

Only a single line item "Share Capital" appears under the head "Equity and Liabilities", which represents the Subscribed and Paid-up Capital.

In the Notes to Accounts:

Complete details of share capital are provided, showing:

• Authorised Share Capital
• Issued Share Capital
• Subscribed Share Capital
• Called-up Share Capital
• Paid-up Share Capital

The key point to understand is that while Subscribed Share Capital is disclosed in detail in the Notes to Accounts, its value (specifically the subscribed and paid-up portion) is included in the Balance Sheet total.

Authorised Capital, on the other hand, is shown only in Notes to Accounts and is NOT included in the Balance Sheet total since it represents only the maximum capital the company is authorized to raise, not what it has actually raised.

Statement 2 is correct: Subscribed Share Capital is shown in Notes to Accounts (with full details), and its value is included in the total of Balance Sheet under the head "Share Capital".

Correct Option: 2