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If the proposed nominal capital is more than 25 lakh at the time of incorporation then the company needs to submit  ____ along with the application
  • a)
    statement of capital
  • b)
    certificate of incorporation
  • c)
    certificate of capital
  • d)
    certificate of corporation
Correct answer is option 'C'. Can you explain this answer?
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If the proposed nominal capital is more than 25 lakh at the time of in...

In order to provide a detailed solution, let's break down the question and the options provided:
Question: If the proposed nominal capital is more than 25 lakh at the time of incorporation, then the company needs to submit ____ along with the application.
Options:
A: statement of capital
B: certificate of incorporation
C: certificate of capital
D: certificate of corporation
To determine the correct answer, let's analyze each option:
A: statement of capital - This option refers to a document that provides details about the company's capital structure and the distribution of shares. However, it is not a requirement for submission if the proposed nominal capital is more than 25 lakh.
B: certificate of incorporation - This option refers to a document issued by the Registrar of Companies after the company is successfully incorporated. While it is a mandatory document, it is not specifically related to the proposed nominal capital.
C: certificate of capital - This option refers to a document that certifies the capital amount proposed by the company. As the question states that the proposed nominal capital is more than 25 lakh, this option seems to be the most appropriate answer.
D: certificate of corporation - This option refers to a document that does not exist in the context of company incorporation.
Considering the above analysis, the correct answer is option C: certificate of capital.
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If the proposed nominal capital is more than 25 lakh at the time of incorporation then the company needs to submit ____ along with the applicationa)statement of capitalb)certificate of incorporationc)certificate of capitald)certificate of corporationCorrect answer is option 'C'. Can you explain this answer?
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