Question : Reserve capital is not a part of
Option 1: Authorized capital
Option 2: Subscribed capital
Option 3: Unsubscribed capital
Option 4: Issued capital
Answer (1)
25th Jan, 2024
Correct Answer: Unsubscribed capital
Solution : Answer = Unsubscribed capital
Reserve capital is the capital that a company decides to call from the shareholders at the time of its winding up. It means that the shareholders will pay the amount of unpaid capital when the company calls it to be paid. It also means that the company cannot call the capital that is unsubscribed.
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