what is the amount of legal capital course hero

What is the amount of legal capital?

Legal capital is that amount of a company's equity that cannot legally be allowed to leave the business; it cannot be distributed through a dividend or any other means. It is the par value of common stock and the stated value of the preferred stock that a business has sold or otherwise issued to investors.Sep 4, 2021

How much is the total contributed capital?

Contributed capital is the total value of the stock that shareholders have bought directly from the issuing company. It includes the money from initial public offerings (IPOs), direct listings, direct public offerings, and secondary offerings—including issues of preferred stock.

Is subscribed share capital part of legal capital?

5. The amount of legal capital is determined as follows:  In case of par value shares, legal capital is the aggregate par value of all issued and subscribed shares.Apr 1, 2015

How do you calculate total contributed capital?

Contributed Capital Formula It is calculated by subtracting retained earnings from total equity. read more is the par value of issued shares. The common stock of the company appears on its balance sheet below as common stock and preferred stock.

What is a premium paid for the use of capital?

Additional paid-in capital is the amount paid for share capital above its par value. It is also commonly known as the “contributed capital in excess of “par” or “share premium.” Essentially, the additional paid-in capital reveals how much money investors paid for the shares above their nominal value.

What is the minimum subscription?

Minimum subscription refers to the minimum number of shares that a company needs to get out of the entire issue by the date of closure. Currently, every company is required to raise 90% of the issues amount. Else, the company is required to refund the complete amount that has been received.

What is the difference between paid up capital and subscribed capital?

Hence, the capital allotted and paid by shareholders is called paid-up capital. This shows the amount received either in cash or in kind by the company from the allottees of shares subscribed by them. That part of the subscribed capital that remains to be paid is called “Calls in Arrears” or “unpaid share capital”.

How much share capital should a company have?

4. All new companies must authorize a minimum amount of capital, which is Rs 1 lakh for Pvt Ltd Companies and Rs 5 lakh for Public Limited Companies. 5. A company can issue shares and also buy them back, subject to certain terms and conditions.Sep 24, 2019

How much money did Course Hero raise in 2020?

According to the EdSurge database, U.S. edtech companies raised over $800 million in the first half of 2020. Founded in 2006, Course Hero is already well known among college students, millions of whom use it to get study materials, share class notes and ask tutors questions.

How many subscribers does Course Hero have?

Course Hero now claims it has over one million subscribers, who each pay $10 to $40 per month.

Who is Andrew Grauer?

Andrew Grauer, co-founder and CEO of Course Hero, says this latest fundraise was “not in the works when we did the first close” of the Series B round, which was led by NewView Capital.