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Accountancy · 2025 · 1 mark
CBSE 2025 · Region 2 · Set 2 · Q14
The amount of share capital which a company is authorised to issue by its Memorandum of Association is known as
The amount of share capital which a company is authorised to issue by its Memorandum of Association is known as
According to Securities and Exchange Board of India (SEBI), guidelines, minimum subscription of capital cannot be less than $\displaystyle 90$% of .
Official answer
(a) → (A)
(b) → (B)
Marking-scheme solution
(A)
Nominal Capital
OR
Q. (b) According to Securities and Exchange Board of India…
Ans. (B) Issued Capital
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CBSE Class 12 Accountancy past-paper question from the 2025 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.