Economy, asked by sahoochikun51, 6 months ago

the portion of authorised capital which can be called up only on the liquidation of the company is called​

Answers

Answered by Rockiii01
5

Explanation:

A company may reserve a portion of its uncalled capital to be called only in the event of winding up of the company. Such uncalled amount is called 'Reserve Capital' of the company. It is available only for the creditors on winding up of the company

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