Question : Issued Capital means-
Option 1: a part of the reserve capital that the company is offering for a subscription.
Option 2: a part of the authorized capital that the company is offering for a subscription.
Option 3: a part of the subscribed capital that the company is offering for a subscription.
Option 4: Both 1 and 2
Answer (1)
7th Jan, 2024
Correct Answer: a part of the authorized capital that the company is offering for a subscription.
Solution :
According to Section 2(50) of the Companies Act, 2013, issued capital is a part of the authorised capital that the company is offering for a subscription.
Hence, the correct answer is option 2.
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