18 Views

Question : Reserve capital is a part of:-

Option 1: Paid up capital 

Option 2: Forfeited share capital 

Option 3: Assets

Option 4: Capital is to be called up only on the liquidation of the company


Team Careers360 9th Jan, 2024
Answer (1)
Team Careers360 24th Jan, 2024

Correct Answer: Capital is to be called up only on the liquidation of the company


Solution : Answer = Capital is to be called up only on the liquidation of the company

Reserve capital is that portion of its uncalled-up Capital that has been reserved for the purpose of liquidation.  Reserve capital cannot be converted back into ordinary Capital without the permission of the company law board.
 

Related Questions

Amity University-Noida B.Tech...
Apply
Among top 100 Universities Globally in the Times Higher Education (THE) Interdisciplinary Science Rankings 2026
VIT - VITEEE 2026
Apply
National level exam conducted by VIT University, Vellore | Ranked #16 by NIRF for Engg. | NAAC A++ Accredited
Amity University-Noida MBA Ad...
Apply
Ranked among top 10 B-Schools in India by multiple publications | Top Recruiters-Google, MicKinsey, Amazon, BCG & many more.
Amity University-Noida Law Ad...
Apply
Among top 100 Universities Globally in the Times Higher Education (THE) Interdisciplinary Science Rankings 2026
Amity University-Noida M.Tech...
Apply
Among top 100 Universities Globally in the Times Higher Education (THE) Interdisciplinary Science Rankings 2026
Great Lakes Institute of Mana...
Apply
Last Date to Apply: 10th Feb | Globally Recognized by AACSB (US) & AMBA (UK) | 17.8 LPA Avg. CTC for PGPM 2025
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books