Question : The part of uncalled capital, to be called only in the liquidation of a company is called:
Option 1: Un-reserved Capital
Option 2: Reserve Capital
Option 3: Capital Reserve
Option 4: Calls-in Arrears
Answer (1)
23rd Jan, 2024
Correct Answer: Capital Reserve
Solution : Answer = Capital Reserve
Capital Reserve refers to the portion of uncalled capital that remains to be called upon only in the event of the company's liquidation. It represents funds set aside for specific purposes, such as asset revaluation or future contingencies, and is not available for distribution to shareholders as dividends.
Hence, the correct option is 3.
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