2014 · Q60
According to the Companies Act, 2013, 'nominal capital' implies
General KnowledgeIndian Economy
- Asuch part of capital, which has been called for payment
- Bthe maximum amount of share capital of a company
- Csuch part of capital, which has been received by a company from its shareholders
- Dsuch capital as the company issues from time to time for subscription
Explanation
Nominal (authorized) capital is the maximum share capital a company may issue.