Question : Authorised Capital means-

Option 1: It is the minimum amount of capital which the company is, for the
time being, authorised to raise

Option 2: It is the maximum amount of capital which the company is, for the
time being, authorised to raise

Option 3: It is the Pro-rata amount of capital which the company is, for the
time being, authorised to raise.

Option 4: None of the above

Question : Nominal share capital is ________.

Option 1: That part of authorized capital which is issued by the company 

Option 2: That amount of capital whch is actually applied by the prospective shareholders 

Option 3: That amount of capital which is actually paid by shareholders

Option 4: The maximum amount of share capital that the company is authorized to issue.

Question : Nominal share capital is ________.

Option 1: That part of authorized capital which is issued by the company 

Option 2: That amount of capital whch is actually applied by the prospective shareholders 

Option 3: That amount of capital which is actually paid by shareholders

Option 4: The maximum amount of share capital that the company is authorized to issue.

Question : Name the head of Capital Clause of Memorandum of Association of a company in which the maximum amount of share capital mentioned is called______________.

Option 1: Reserve Capital

Option 2: Subscribed Capital

Option 3: Authorised Capital

Option 4: Issued Capital

Question : Which of the following assertions is accurate?

Option 1: Authorised Capital < Issued Capital

Option 2: Authorised Capital > Issued Capital

Option 3: Paid up Capital > Issued Capital

Option 4: None of the above