Question:
Reserve capital is that part of .............. capital which cannot be called except at the time of winding up of the company.
Reserve capital is that part of .............. capital which cannot be called except at the time of winding up of the company.
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Reserve capital is part of the uncalled capital and cannot be utilized unless the company is in liquidation.
Updated On: Jan 21, 2025
- Issued
- Called up
- Uncalled
- Nominal
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The Correct Option is C
Solution and Explanation
Reserve capital refers to that portion of the uncalled capital that a company decides will only be called in the event of liquidation or winding up.
It is a safety measure to ensure funds are available for creditors during winding up.
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