alleryStart learning →Paid-up capital may be repaid to members if it is
ABelow the wants of the company
BNeeded for working capital
CIn excess of the wants of the company
DEqual to authorised capital
Answer & Solution
Correct answer: C. In excess of the wants of the company
Section 66(1)(b)(ii) permits paying off paid-up capital that exceeds the wants of the company.
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