Question : The portion of the capital that may only be accessed during the company's dissolution/winding up is referred to as-
Option 1: Called up Capital
Option 2: Authorised Capital
Option 3: Nominal Capital
Option 4: Reserve Capital
Answer (1)
21st Jan, 2024
Correct Answer: Reserve Capital
Solution : A part of the company's uncalled capital may be set aside for only being called in the case of the company's winding up. The corporation refers to this uncalled sum as "Reserve Capital." When a corporation is wound up, it is only available to the creditors.
Hence the correct answer is option 4.
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