Question : Minimum subscription amount of 90% is related to which share capital..........
Option 1: Authorised Capital, Nominal capital
Option 2: Issued Capital and subscribed capital
Option 3: Called up and Paid up Capital
Option 4: Reserve Capital
Answer (1)
18th Jan, 2024
Correct Answer: Authorised Capital, Nominal capital
Solution : Answer = Authorized Capital, Nominal capital
The minimum subscription amount of 90% is related to the Authorized Capital or Nominal Capital. Authorized capital refers to the maximum amount of share capital that a company is authorized to issue, and the minimum subscription amount ensures that at least 90% of this authorized capital is subscribed by investors.
Hence, the correct option is 1.
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