The portion of capital which can be called up only on the winding up of the company is called:
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➡️ According to Section 2 (8) of the Companies Act, 2013, 'authorised capital' means such capital as is authorised by the memorandum of a company to be the maximum amount of share capital of a company. Ans. Part of capital of a company which is called-up only on winding up is called 'reserve capital'.
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Answer:
According to Section 2 (8) of the Companies Act, 2013, 'authorised capital' means such capital as is authorised by the memorandum of a company to be the maximum amount of share capital of a company. Ans. Part of capital of a company which is called-up only on winding up is called 'reserve capital'.
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