Advertisements
Advertisements
Question
Authorised or Registered or Nominal Capital is ______.
Options
that part of authorised capital which is issued by the company.
the amount of capital which is actually applied by prospective shareholders.
the amount of capital which is paid by the shareholders.
the maximum amount of share capital that a company is authorised to issue.
MCQ
Fill in the Blanks
Advertisements
Solution
Authorised or Registered or Nominal Capital is the maximum amount of share capital that a company is authorised to issue.
Explanation:
Authorised Capital is the maximum amount of share capital that a company is permitted to issue according to its Memorandum of Association. It is also called Registered Capital or Nominal Capital.
shaalaa.com
Is there an error in this question or solution?
