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
Correct Answer: Authorised Capital
Solution : Answer = Authorised Capital
The head of the Capital Clause in the Memorandum of Association of a company, where the maximum amount of share capital is specified, is called "Authorised Capital." This represents the total value of shares that the company is legally permitted to issue to shareholders. Hence, the correct option is 3.
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
Question : Authorised Capital of a company is mentioned in :
Option 1: Memorandum of Association
Option 2: Article of Association
Option 3: Prospectus
Option 4: Statement in Lieu of Prospectus
Question : Which of the following is not shown under the heading "share capital" in a Balance Sheet :
Option 1: Subscribed Capital
Option 2: Issued Capital
Option 3: Reserve Capital
Option 4: Authorised Capital
Question : Which of the following capitals is missing from the Balance Sheet of a company?
Option 1: Authorised Capital
Option 2: Called & Paid up capital
Option 3: Issued and subscribed capital
Question : The total amount of equity and liability Includes-
Option 3: Called up Capital
Option 4: Subscribed Capital
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