MyQuestionIcon

3

You visited us 3 times! Enjoying our articles? Unlock Full Access!

Issued Share Capital

Company canno...

Question

Company cannot issue shares more than _______________.

A

Authorised Capital

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

B

Subscribed Capital

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

Issued Capital

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

Paid up Capital

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B Authorised Capital
Authorised share capital - This is also known as registered capital. It is the maximum amount of capital that the limited company is authorised to issue to its shareholders.

Suggest Corrections

thumbs-up

0

Similar questions

Q. When a company receives application for subscriptions to the shares of the company much more than the issued capital, the issue is called __________.

Q. A company cannot issue shares at a discount more than ________ % of its face value.

Q. A company can not issue redeemable preference shares for a period exceeding ________.

Q. A company can not issue following kinds of shares _____________.

Q. Mark the following statements True or False:
(a) A private company must file a statement in lieu of prospectus.
(b) A company which does not want to prepare its own Articles of Association can adopt Table A.
(c) A company wanting to raise capital must issue a prospectus.
(d) A private company can start its business immediately after incorporation.
(e) Capital clause is a part of the Articles of Association.
(f) The Memorandum of Association defines the relationship of a company with or outsiders.
(g) Every company must issue a prospectus to raise share capital.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Issue of Shares

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Issued Share Capital

Standard XII Accountancy

Join BYJU'S Learning Program

CrossIcon