What is paid up capital.pdf

All company must have paid up capital to start business, what is paid up capital ?

1. What is
paid up capital

2. •Paid up capital refer to a sum of money
that shareholder PAIDinto company bank
account in return for them being named
as shareholder of the company.

3. •There is NO fixed amount to be invest, all
is based on the agreement between
shareholder and company.

4. •There can be ANYlegal currency .

5. •How the paid up will be utilised?
Paid up amount will be used as operating cost
of the company example to pay rental, salary,
phone

6. •Issued Share Capital vs Paid Up Capital
1.Issued Share Capital is the total of the share
capital issued to shareholders or we called as
allotment of shares to the shareholder
2.Paid up Share Capital is the amount of share
capital paid by the shareholders.

7. •What is the par value for the shares ?
The concept of par value has been abolished in
Singapore.
You are given greater room to determine the price .
For example, you can issue 10% shares in your Singapore
company to a person for S$ 1 and 10% shares to another
person for S$ 10,000.