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Question
The maximum amount beyond which a company is not allowed to raise funds, by issue of shares, is its _______________.
The maximum amount beyond which a company is not allowed to raise funds, by issue of shares, is its _______________.
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Solution
The correct option is B Authorised Capital
The maximum amount beyond which a company is not allowed to raise funds by issue of shares isauthorized capital. Authorized capital, also known as nominal capital, represents the securities that are designated for shareholders.
The maximum amount beyond which a company is not allowed to raise funds by issue of shares isauthorized capital. Authorized capital, also known as nominal capital, represents the securities that are designated for shareholders.
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