alleryStart learning →Equity capital Rs 50 lakh, free reserves Rs 30 lakh. Board resolution cap is
ARs 20,00,000
BRs 8,00,000
CRs 3,00,000
DRs 5,00,000
Answer & Solution
Correct answer: B. Rs 8,00,000
The base is 50 lakh plus 30 lakh, which is 80 lakh, and 10 percent of that is Rs 8,00,000.
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