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Difference between promissory note and bill of exchange iPleaders
Mrs Q wants to start a garment business but does not have sufficient capital. Mr P is a well-established businessman and agrees to finance Mrs Q’s business idea. Mr P provides a loan of ₹ to Mrs Q at 10% interest to be paid in 50 equal monthly instalments of ₹3300...
Authorised Capital vs Paid Up Capital Know The Difference
The authorised capital of $1 million could seem impressive to the misinformed and be misleading. This means that a company’s capital will not be measured against the par value of the shares but instead against the number of shares issued and the actual capital paid up...
Understanding Paid-Up Capital: Key for Business Growth
It accounts for every share in different categories that the company can choose to issue as per the company’s capital requirement. By seeing if the increase in share capital has contributed sufficiently for the company’s future growth (see here). The amount of...