72 The following extract of Balance Sheet of X Ltd. (a non-investment company) was obtained: Liabilities Balance Sheet (Extract) as on 31st March, 2017 Issued and subscribed capital: 20,000, 14% preference shares of . 100 each fully paid 20,00,000 1,20,000 Equity shares of 100 each 80 paid-up 96,00,000 Capital reserves ( 1,50,000 is revaluation reserve) 1,95,000 Securities premium 50,000 15% Debentures 65,00,000 Unsecured loans: Public deposits repayable after one 3,70,000 year Investment in shares, debentures, etc. 75,00,000 Profit and Loss account (debit balance) 15,00,000 You are required to compute Effective Capital as per the provisions of Schedule V to Companies Act, 2013