CBSE Class 12 Accountancy Chapter 6 Notes: Issue of Shares PDF Download

CBSE Class 12 Accountancy Chapter 6 Notes regarding the "Issue of Shares" are essential resources for mastering your domain subject. Our CUET Free Accountancy Notes are designed to resolve complex queries and simplify advanced topics for the CUET Exam 2026. Download the Accountancy Chapter 6 class 12 Notes today to strengthen your conceptual understanding and sharpen your problem-solving skills for board and entrance exams.

CBSE Class 12 Accountancy Chapter 6 Notes

Our CBSE Class 12 Accountancy Chapter 6 (Issue of Shares) revision notes for CUET Preparation 2026 break down intricate accounting principles into easy-to-understand explanations. Explore more free study resources for your CUET journey at our Careers Adda store.

Download Class 12 Accountancy Chapter 6 Notes PDF for Revision

Consistent revision with our CBSE Class 12 Accountancy Chapter 6 notes will help you secure top marks. To excel in the CUET 2026 exam, students should follow a structured study strategy. Download the complete Chapter 6 Accountancy notes in PDF format below to begin your preparation.

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Accountancy Revision Notes for Chapter 6 – Issue Of Shares

In these Accountancy Revision Notes for CUET Commerce, the Careers Adda team provides a wealth of practice questions, real-world examples, and mock tests. Review the essential chapter notes below:

CUET UG Accountancy Study Notes: Chapter 6 - Issue of Shares

MEANING OF A COMPANY
A company is an artificial legal person created by law. It is an association of individuals who contribute capital for a shared business objective. All corporate operations must strictly adhere to the Companies Act, 2013.

Key Features for Students:
• Body Corporate: Formed and registered under legal statutes.
• Separate Legal Entity: Possesses a distinct legal identity from its owners, allowing it to own property and hold bank accounts.
• Limited Liability: Shareholder liability is limited to the unpaid face value of their shares.
• Perpetual Succession: The company remains unaffected by the death or retirement of its members.
• Common Seal: Acts as the official signature for an artificial entity.
• Transferability of Shares: Shares in a public company are freely transferable.
• Capacity to Sue: The company has the legal right to initiate litigation in its own name.

Types of Companies

Companies are categorized by member liability and size:
1. Classification by Liability:
• Limited by Shares: Liability is capped at the nominal share value.
• Limited by Guarantee: Members pay a fixed amount only upon winding up.
• Unlimited Companies: Members bear full personal liability for company debts.
2. Classification by Number of Members:
• Public Company: Not a private company; no ownership restrictions.
• Private Company: Restricts share transfers and caps membership at 200.
• One Person Company (OPC): Formed by a single natural person (Indian resident).
o Paid-up capital limit: ₹50,00,000.
o Average annual turnover limit (3 years): ₹2,00,00,000.

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Share Capital Explained

A company raises capital by issuing shares to the public. These contributors become shareholders, and their aggregate investment is recorded in the "Share Capital Account."

Key Categories of Share Capital:
• Authorised Capital: Maximum capital permitted by the Memorandum.
• Issued Capital: The portion offered to the public.
• Subscribed Capital: The portion actually taken by investors.
• Called-up Capital: The amount shareholders are requested to pay.
• Paid-up Capital: The actual amount received (Called-up minus Arrears).
• Reserve Capital: Uncalled capital reserved exclusively for winding up.

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