Question

Which of the following is not true about nominal

Q: Answer-Which of the following is not true about nominal capital?

Section 28 of the Companies Act 2013, defines 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. Nominal capital has all the above mentioned features in options, except that it is not a contingency capital. It is the basic capital of the company on which the company also pays stamp duty.

capital?

A It is registered amount that can be raised by issuing shares.

B it is the capital that the memorandum of the company authorises as share capital

C It is the contingency capital of the company

D S.2(8) of the Companies Act defines it

E All are true

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Which of the following is not true about nominal

Solution