The company decided to reduce the paid up value of equity share by Rs. 2 per share without reducing its face value. The company has Equity share capital of Rs. 3,20,000 divided into shares of Rs. 10 each, Rs. 8 paid up. The new balance sheet of the company after implementation of internal reconstruction shall disclose paid up share capital of (a) Rs. 2,40,000 (b) Rs. 3,20,000 (c) Rs. 2,56,000 (d) None of these 1 2 3 4