Generally, a company does not need the entire facevalue of the
shares subscribed by the public immediately.
So, it calls ordemands only a part of the nominal value of the
shares subscribed or taken upby the public
immediately and collects the balance later, as and whennecessary,
by making further calls. That part of
the subscribed capital, whichhas been called up or demanded by
the company is called called-up capital.