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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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