David Ltd. issued Rs. 40,00,000 equity shares of Rs. 10 each out of its registered capital of Rs. 10,00,000. The amount payable on these shares was as follows :
`{:("On application","Rs. 1 per share"),("On allotment","Rs. 2 per share"),("On first call","Rs. per share"),("On second and final call","Rs. 4 per share"):}`
All calls were made and were duly received, except the second and final call on 1,000 shares held by Vipul. These 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 Acounts'.

Explanation

Subscribed and Fully Paid Capital Rs. 39,96,000.