The portion of the authorised capital which can be called-up only on the liquidation of the company is called

Name: The portion of the authorised capital which can be called-up only on the liquidation of the company is called
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Reserve capital is that portion of the authorized capital which is not called up and is only available to be called upon for payment to shareholders in the event of the company's liquidation. It serves as a financial reserve to meet any unforeseen liabilities or losses.

The Portion of the Authorised Capital Which Can Be Called-Up