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Question : Minimum subscription amount of 90% is related to which share capital..........

Option 1: Authorised Capital, Nominal capital

Option 2: Issued Capital and subscribed capital

Option 3: Called up and Paid up Capital

Option 4: Reserve Capital


Team Careers360 6th Jan, 2024
Answer (1)
Team Careers360 18th Jan, 2024

Correct Answer: Authorised Capital, Nominal capital


Solution : Answer = Authorized Capital, Nominal capital

The minimum subscription amount of 90% is related to the Authorized Capital or Nominal Capital. Authorized capital refers to the maximum amount of share capital that a company is authorized to issue, and the minimum subscription amount ensures that at least 90% of this authorized capital is subscribed by investors.
Hence, the correct option is 1.

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