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Authorised Share Capital

Authorised ca...

Question

Authorised capital is known as __________.

A

Nominal capital

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B

Called up capital

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C

Susbcribed capital

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D

Issue Capital

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Solution

The correct option is A
Nominal capital

Authorised capital is also called nominal or registered capital.

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Q. Amount of capital stated in the Memorandum of Association as the share capital of the company is known as -
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Q. The share capital is the portion of the authorised capital that is issued to the public for subscription.

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