What will be my liabilities if I have a high paid-up capital?

Paid-up capital is monies paid by shareholders to the Subsidiary to purchase the Company shares, and these monies can be utilized for all company expenses, including paying off all of the Subsidiary’s debts. There is no personal liability on the individual shareholder if the necessary amount for the shares subscribed is fully paid. In the event that it is not fully paid, the creditors can demand that the shareholder should be personally responsible for the shortfall.