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      Question

      According to the Companies Act provisions

      _____________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 Correct Answer Incorrect Answer
      B Paid-up Correct Answer Incorrect Answer
      C Called-up Correct Answer Incorrect Answer
      D Subscribed Correct Answer Incorrect Answer
      E Reserved Correct Answer Incorrect Answer

      Solution

      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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