Grade 11 Exam > Grade 11 Questions > A statement of nominal capital must be given ...
Start Learning for Free
A statement of nominal capital must be given at the time of incorporation by the company when the share capital is less than
- a)50 Lakh
- b)1 crore
- c)10 Lakh
- d)25 Lakh
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
A statement of nominal capital must be given at the time of incorporat...
Statement of Nominal Capital:
The statement of nominal capital refers to the declaration made by a company at the time of incorporation regarding the amount of share capital that the company intends to raise. This statement is required by law and is an important part of the company's incorporation documents.
Minimum Share Capital Requirement:
The Companies Act, 2013 in India sets certain minimum requirements for the share capital of different types of companies. The minimum share capital required for incorporation varies depending on the type of company.
Share Capital Requirement for Private Limited Companies:
Private limited companies are one of the most common types of companies in India. The Companies Act, 2013 sets the following minimum share capital requirements for private limited companies:
- The minimum authorized share capital should be Rs 1 lakh.
- The minimum paid-up share capital should be Rs 1 lakh.
Share Capital Requirement for Public Limited Companies:
Public limited companies have higher share capital requirements compared to private limited companies. The Companies Act, 2013 sets the following minimum share capital requirements for public limited companies:
- The minimum authorized share capital should be Rs 5 lakh.
- The minimum paid-up share capital should be Rs 5 lakh.
Answer:
In the given question, the share capital is less than 25 lakh, so the correct answer is option D: 25 Lakh. The statement of nominal capital must be given at the time of incorporation by the company when the share capital is less than 25 lakh.
View all questions of this test
The statement of nominal capital refers to the declaration made by a company at the time of incorporation regarding the amount of share capital that the company intends to raise. This statement is required by law and is an important part of the company's incorporation documents.
Minimum Share Capital Requirement:
The Companies Act, 2013 in India sets certain minimum requirements for the share capital of different types of companies. The minimum share capital required for incorporation varies depending on the type of company.
Share Capital Requirement for Private Limited Companies:
Private limited companies are one of the most common types of companies in India. The Companies Act, 2013 sets the following minimum share capital requirements for private limited companies:
- The minimum authorized share capital should be Rs 1 lakh.
- The minimum paid-up share capital should be Rs 1 lakh.
Share Capital Requirement for Public Limited Companies:
Public limited companies have higher share capital requirements compared to private limited companies. The Companies Act, 2013 sets the following minimum share capital requirements for public limited companies:
- The minimum authorized share capital should be Rs 5 lakh.
- The minimum paid-up share capital should be Rs 5 lakh.
Answer:
In the given question, the share capital is less than 25 lakh, so the correct answer is option D: 25 Lakh. The statement of nominal capital must be given at the time of incorporation by the company when the share capital is less than 25 lakh.
|
Explore Courses for Grade 11 exam
|
|
Similar Grade 11 Doubts
Top Courses for Grade 11View all
A statement of nominal capital must be given at the time of incorporation by the company when the share capital is less thana)50 Lakhb)1 crorec)10 Lakhd)25 LakhCorrect answer is option 'D'. Can you explain this answer?
Question Description
A statement of nominal capital must be given at the time of incorporation by the company when the share capital is less thana)50 Lakhb)1 crorec)10 Lakhd)25 LakhCorrect answer is option 'D'. Can you explain this answer? for Grade 11 2025 is part of Grade 11 preparation. The Question and answers have been prepared according to the Grade 11 exam syllabus. Information about A statement of nominal capital must be given at the time of incorporation by the company when the share capital is less thana)50 Lakhb)1 crorec)10 Lakhd)25 LakhCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Grade 11 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A statement of nominal capital must be given at the time of incorporation by the company when the share capital is less thana)50 Lakhb)1 crorec)10 Lakhd)25 LakhCorrect answer is option 'D'. Can you explain this answer?.
A statement of nominal capital must be given at the time of incorporation by the company when the share capital is less thana)50 Lakhb)1 crorec)10 Lakhd)25 LakhCorrect answer is option 'D'. Can you explain this answer? for Grade 11 2025 is part of Grade 11 preparation. The Question and answers have been prepared according to the Grade 11 exam syllabus. Information about A statement of nominal capital must be given at the time of incorporation by the company when the share capital is less thana)50 Lakhb)1 crorec)10 Lakhd)25 LakhCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Grade 11 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A statement of nominal capital must be given at the time of incorporation by the company when the share capital is less thana)50 Lakhb)1 crorec)10 Lakhd)25 LakhCorrect answer is option 'D'. Can you explain this answer?.
Solutions for A statement of nominal capital must be given at the time of incorporation by the company when the share capital is less thana)50 Lakhb)1 crorec)10 Lakhd)25 LakhCorrect answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for Grade 11.
Download more important topics, notes, lectures and mock test series for Grade 11 Exam by signing up for free.
Here you can find the meaning of A statement of nominal capital must be given at the time of incorporation by the company when the share capital is less thana)50 Lakhb)1 crorec)10 Lakhd)25 LakhCorrect answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
A statement of nominal capital must be given at the time of incorporation by the company when the share capital is less thana)50 Lakhb)1 crorec)10 Lakhd)25 LakhCorrect answer is option 'D'. Can you explain this answer?, a detailed solution for A statement of nominal capital must be given at the time of incorporation by the company when the share capital is less thana)50 Lakhb)1 crorec)10 Lakhd)25 LakhCorrect answer is option 'D'. Can you explain this answer? has been provided alongside types of A statement of nominal capital must be given at the time of incorporation by the company when the share capital is less thana)50 Lakhb)1 crorec)10 Lakhd)25 LakhCorrect answer is option 'D'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice A statement of nominal capital must be given at the time of incorporation by the company when the share capital is less thana)50 Lakhb)1 crorec)10 Lakhd)25 LakhCorrect answer is option 'D'. Can you explain this answer? tests, examples and also practice Grade 11 tests.
|
|
Explore Courses for Grade 11 exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup