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प्रश्न
Write a short note on Authorized capital.
उत्तर
According to Sec 2(8) of the Companies Act, “It means such capital as is authorized by the memorandum of a company to be the maximum amount of share capital of the company”.
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संबंधित प्रश्न
That part of share capital which can be called up only on the winding up of a company is called:
When shares are issued for purchase of assets, the amount should be credited to
If a share ₹ 10 on the which ₹ 8 has been paid up is forfeited. Minimum reissue price is
Supreme Ltd. forfeited 100 shares of ₹ 10 each for non-payment of final call of ₹ 2 per share. All these shares were re-issued at ₹ 9 per share. What amount will be transferred to capital reserve account?
Progress Ltd. issued 50,000 ordinary shares of ₹ 10 each, payable ₹ 2 on the application, ₹ 4 on allotment ₹ 2 on first call and ₹ 2 on final call. All the shares are subscribed and the amount was duly received. Pass journal entries.
Write a short note on Reserve capital.
