Question

The portion of the capital which can be called-up only on the winding up of the Company is called ______.

विकल्प

• Authorised Capital

• Called up Capital

• Uncalled Capital

• Reserve Capital

Answer 1

The portion of the capital which can be called-up only on the winding up of the Company is called Reserve Capital.

Explanation:

Reserve capital is the part of a company’s uncalled share capital that the company resolves will be callable only if it is wound up. It typically arises when an unlimited company converts into a limited company and sets aside this portion by resolution (Sec. 65).