'Paid-up capital' is equal to:
AAuthorised capital minus issued capital
BIssued capital plus authorised capital
CSubscribed capital plus reserve capital
DCalled-up capital less calls in arrears
Answer & Solution
Correct answer: D. Called-up capital less calls in arrears
Paid-up capital is the total amount paid/credited as paid up on shares issued, i.e. called-up capital less calls in arrears.
Related questions
A private company which is a subsidiary of a public company is, for the purposes of the AcUnder Section 44, shares (or debentures) of a member in a company are:Under Section 43, the share capital of a company limited by shares is of two kinds:Under Section 2(8), 'authorised' (nominal) capital is:Under Section 9, the effect of registration is that, from the date of incorporation, the cUnder Section 7, upon registration the Registrar issues a certificate of incorporation andUnder Section 2(52), a 'listed company' is one which:Under Section 455, a company may obtain the status of a 'dormant company' where it: