That part of share capital which can be called up only on the winding up of a company is called : (a) Capital

Question 20 of 40

Q. That part of share capital which can be called up only on the winding up of a company is called :

(a) Capital reserve

(b) Authorised capital

(d) Called up capital

Puducherry TnboardTamil Nadu HSC (DGE) Commerce Board 2022MCQ· 1mImportance★★★★★

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Share capital callable only on winding up is reserve capital.

In the Tamil Nadu HSC Class-12 Accountancy syllabus, a company may by special resolution decide that a part of its uncalled capital shall not be called except in the event of, and for the purposes of, winding up. This portion is called reserve capital.

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Q.That part of share capital which can be called up only on the winding up of a company is called :

Concept understanding — Meaning of a Company and Kinds of Share Capital

Q.That part of share capital which can be called up only on the winding up of a company is called :

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