It is the capital paid in by shareholders to the co above and beyond shared capital.
The paid up capital = Number of authorised shares x nominal value per share
It is Par Value of share issued
Paid-up capital means the total amount which is actually paid to the company.
The Authorised Capital is the amount of capital which a limited company COULD issue.(10,000 shares of £1 each) Paid up capital is the amount actually issued.(2842 shares of £1 each fully paid)
Paid up capital will be kept in debit side in accounting statement