Based on following answer the question.

Bharat Ltd. has been registered with the capital as ₹50,00,000 divided into 5,00,000 shares of ₹10 each. 3,00,000 shares of ₹10 each are offered by the company to the public for subscription, amount payable as ₹4 on application, Rs 3 on allotment and the balance on call. The company received application for 2,70,000 shares and the company finalised the allotment accordingly. The company did not make the final call. The Company received all money excepts allotment money on 5,000 shares held by Rahul. His shares were forfeited.

The Nominal Capital of the Bharat Ltd. is _________.

₹ 50,00,000

The correct answer is Option (3) - ₹ 50,00,000.

It is mentioned in the passage that the company registered with the capital as ₹50,00,000 divided into 5,00,000 shares of ₹10 each. So, the nominal capital is ₹50,00,000.