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The part of share capital which can be called up only on the winding up of a company is called: 
  • a)
    Authorised Capital 
  • b)
    Called up Capital 
  • c)
    Capital Reserve 
  • d)
    Reserve Capital 
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
The part of share capital which can be called up only on the winding u...
Reserve Capital: It is that portion of uncalled share capital which shall not be capable of being called up except in the event and for the purpose of the company being wound.
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Most Upvoted Answer
The part of share capital which can be called up only on the winding u...
Reserve Capital It is that portion of uncalled share capital which shall not be capable of being called up except in the event and for the purpose of the company being wound.
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The part of share capital which can be called up only on the winding up of a company is called:a)Authorised Capitalb)Called up Capitalc)Capital Reserved)Reserve CapitalCorrect answer is option 'D'. Can you explain this answer?
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