When is reserve capital called by the company
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RESERVE CAPITAL
It is the part of uncalled capital which has been reserved by the company by passing a special resolution to be called only in the event of liquidation. This capital cannot be called up during the existence of company. It would be available only the event of liquidation as an additional security to the creditors of the company.
It is the part of uncalled capital which has been reserved by the company by passing a special resolution to be called only in the event of liquidation. This capital cannot be called up during the existence of company. It would be available only the event of liquidation as an additional security to the creditors of the company.
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