Part of capital for which application have been received from the public and shares alloted to them is known as
Answers
Answer:
Part of capital for which application have been received from the public and shares allotted to them is known as Called up Capital.
Explanation:
Called up Capital is the part of the Subscribed Capital, which includes the amount paid by the shareholder. The company does not receive the entire amount of Capital at once. It calls upon the part of subscribed Capital when needed in installments. The remaining part of the Subscribed Capital is called Uncalled Capital.
The portion of the subscribed capital that has been called up on the shares is referred to as called up capital.
Called-up capital refers to the amount of share capital that shareholders owe but have not paid. Paid-up capital is the amount of money that has already been paid by investors in exchange for stock shares.
Called up capital (or called up share capital) is the portion of a company's share capital that its shareholders must pay. It's not to be confused with paid-up capital, which refers to the money a shareholder has already paid to a company in exchange for shares and stock. Called up Capital is the portion of the Subscribed Capital that includes the shareholder's payment. The capital is not received in its entirety by the company.