Question : Authorised Capital means-
Option 1: It is the minimum amount of capital which the company is, for the time being, authorised to raise
Option 2: It is the maximum amount of capital which the company is, for the time being, authorised to raise
Option 3: It is the Pro-rata amount of capital which the company is, for the time being, authorised to raise.
Option 4: None of the above
Correct Answer: It is the maximum amount of capital which the company is, for the time being, authorised to raise
Solution : As Per Sec 2(8) of the Companies Act 2013, Authorised Capital means such capital as is authorised by the Memorandum of a company to be the maximum amount of Share Capital of the company.
Hence the correct answer is option 2.
Question : Nominal share capital is ________.
Question : Which of the following statement is incorrect for capital budgeting decisions?
Question : Which of the following statements is incorrect?
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