(iv) The Subscribed Capital of a company refers to:
(a) The paid-up value of the shares allotted on the date of the balance sheet. (b) The called-up value of all shares allotted on the date of the balance sheet. (c) The nominal value of all shares allotted on the date of the balance sheet. (d) The paid-up value of all shares allotted on the date of the balance sheet and the balance of shares forfeited account, if any.
