Practicing Success
Practicing Success
CUET Preparation Today
| Which of the following comes under the part 'subscribed but not fully paid up capital of the company? |
The company called up the full amount but shareholders did not pay The company has not called up the full amount Either option 1 or 2 Both options 1 and 2 |
| Both options 1 and 2 |
| Subscribed but not fully paid-up Shares are said to be ‘subscribed but not fully paid-up’ when • the company has called-up the entire nominal (face) value of the share but has not received it. • the company has not called-up the entire nominal (face) value of share. A reference has been made two terms • Called-up capital According to Section 2(15) of the Companies Act, 2013, ‘called-up capital’ means such part of the capital, which has been called for payment. |
