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Write a short note on Reserve capital. - Accountancy

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प्रश्न

Write a short note on Reserve capital.

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उत्तर

Sec 65 of Companies Act 2013, only an unlimited company having share capital while converting into a limited company, may have a reserve capital. The company reserve a part of its subscribed capital to be called up only at the time of winding up. It is called reserve capital.

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Divisions of Share Capital
  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 7: Company accounts - Short answer questions [पृष्ठ २५७]

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सामाचीर कलवी Accountancy [English] Class 12 TN Board
पाठ 7 Company accounts
Short answer questions | Q III 4. (b) | पृष्ठ २५७
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