Select the correct answer from the options given below and rewrite the statement. ______ capital refers to maximum capital a company can raise by issuing shares. - Secretarial Practice

MCQ

Select the correct answer from the options given below and rewrite the statement.

______ capital refers to maximum capital a company can raise by issuing shares.

Authorised capital refers to maximum capital a company can raise by issuing shares.

Concept: Classification of Share Capital

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Chapter 3: Issue of Shares - Exercises [Page 61]

Chapter 3 Issue of Shares
Exercises | Q 1. A) 2. | Page 61

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