New Cracking SEBI General in 60 Days - Possible or Not?
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Question

_______________means such capital as is authorised by the memorandum of a company to be the maximum amount of share capital of the company. 

A Nominal capital Correct Answer Incorrect Answer
B Issued Capital Correct Answer Incorrect Answer
C Subscribed Capital Correct Answer Incorrect Answer
D Called -up Capital Correct Answer Incorrect Answer

Solution

Explanation: Section 2(8) authorised capital- “authorised capital” or “nominal capital” means such capital as is authorised by the memorandum of a company to be the maximum amount of share capital of the company.

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