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The part of share capital which can be called up only on the liquidation of a company is called
- a)Authorized capital
- b)Called up capital
- c)Capital reserve
- d). Reserve capital
Correct answer is option 'D'. Can you explain this answer?
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The part of share capital which can be called up only on the liquidati...
Called-up capital According to Section 2(15) of the Companies Act, 2013, 'called-up capital' means such part of the capital, which has been called for payment. Thus, it means the amount of nominal (face) value called-up by the company to be paid by the shareholders towards the share capital.
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The part of share capital which can be called up only on the liquidati...
“Reserve Capital” and " Capital Reserve" The two terms might seem alike to a layman, but these are not one and the same thing, as they carry different meanings. Reserve Capital shows the part of the authorized capital that has not yet called up by the company and is available for drawing, if necessary that is it is called only at the time of liquidation whereas Capital Reserve is that portion of the profits which is kept as a reserve for future purpose and hence option d is the correct answer
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The part of share capital which can be called up only on the liquidati...
Reserve Capital is defined as a part of subscribed uncalled capital, which will not be called up until and unless the company goes into liquidation.
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The part of share capital which can be called up only on the liquidation of a company is calleda)Authorized capitalb)Called up capitalc)Capital reserved). Reserve capitalCorrect answer is option 'D'. Can you explain this answer?
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