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The certificate of capital will be issued by
  • a)
    Registrar of Companies Act
  • b)
    Controller of companies Act
  • c)
    Registrar of capital issues
  • d)
    Controller of capital issues
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
The certificate of capital will be issued bya)Registrar of Companies A...

The certificate of capital is issued by the Controller of Capital Issues. Here is a detailed explanation of the options given:
A: Registrar of Companies Act:
- The Registrar of Companies Act is responsible for the registration of companies in India.
- However, it does not issue the certificate of capital.
B: Controller of Companies Act:
- There is no such entity as the Controller of Companies Act.
- The Companies Act is a legislation that governs the functioning of companies in India, but it does not issue certificates of capital.
C: Registrar of Capital Issues:
- The Registrar of Capital Issues used to exist in India before the introduction of the Securities and Exchange Board of India (SEBI).
- However, the Registrar of Capital Issues did not issue certificates of capital.
D: Controller of Capital Issues:
- The Controller of Capital Issues was a regulatory body in India that was responsible for regulating and issuing certificates of capital.
- However, the Controller of Capital Issues was abolished in 1992 and its functions were transferred to SEBI.
Therefore, the correct answer is D: Controller of Capital Issues.
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The certificate of capital will be issued bya)Registrar of Companies Actb)Controller of companies Actc)Registrar of capital issuesd)Controller of capital issuesCorrect answer is option 'D'. Can you explain this answer?
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