Practicing Success
For whom the Reserve Capital is available at the time of winding up of the company? |
Shareholders Directors Creditors Chairperson of the company |
Creditors |
The correct answer is option 3- Creditors. Reserve Capital: 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. |