Nominal share capital is:
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → The maximum amount of share capital which a company is authorized to issue
Nominal capital is another name for authorised capital, the ceiling on share capital fixed by the Memorandum of Association. The other options describe the later stages: issued capital, subscribed capital and paid-up capital.
NCERT (2026-27 edition):
NCERT (2026-27 edition):
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