Which of the following capital can be increased or decreased as per the procedure laid down in the Companies Act.

None of the above

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Called up capital

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Susbcribed capital

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Authorised capital

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Solution

The correct option is D
Authorised capital

The authorised capital can be increased or decreased as per the procedure laid down in the Companies Act.

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Similar questions

Q. Amount of capital stated in the Memorandum of Association as the share capital of the company is known as -
(1) Subscribed Capital or Authorized Capital
(2) Paid-up or Subscribed Capital
(3) Nominal or Called-up Capital
(4) Nominal or Authorized Capital
The correct answer is-

Q. The difference between Subscribed Capital and Called-up Capital is called _________.

N.K. Ltd., a truck manufacturing company, is registered with an authorised capital of Rs 1,00,000 divided into equity shares of Rs 100 each. The subscribed and paid up capital of the company is Rs 50,00,000. The company decided to open technical schools in the Jhalawar district of Rajasthan to train the specially abled children of the area. It is planning to provide them employment in its various production units and industries in the neighbourhood area.

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Q. The difference between subscribed capital and called capital is known as _______.

That portion of the subscribed capital which has not yet been called up is known as ___

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Which of the following capital can be increased or decreased as per the procedure laid down in the Companies Act.

The correct option is D Authorised capital The authorised capital can be increased or decreased as per the procedure laid down in the Companies Act.

The correct option is D
Authorised capital

The authorised capital can be increased or decreased as per the procedure laid down in the Companies Act.