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प्रश्न
Explain the following term/concept.
Subscribed capital
उत्तर
(a) It is that part of the issued capital which is taken up by the public. Sometimes, the public may not take up all the shares that are offered to the public, for a subscription.
(b) In such a case, the subscribed capital shall be less than the issued capital. If the public subscribe to all the shares, it shall be equal to the issued capital.
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