Question

Uncalled Capital is that portion of the ______ which has not yet been called up and the portion of such uncalled capital to be called only in the event of winding up of the company is called ______.

Options

• Subscribed Capital; Reserve Capital

• Issued Capital; Reserve Capital

• Authorised Capital; Capital Reserve

• Registered Capital; Capital Reserve

Answer 1

Uncalled Capital is that portion of the Subscribed Capital which has not yet been called up and the portion of such uncalled capital to be called only in the event of winding up of the company is called Reserve Capital.

Explanation:

• Uncalled Capital is the part of Subscribed Capital which the company has not yet demanded from shareholders.

• The portion of this uncalled capital which can be called up only at the time of winding up is called Reserve Capital.