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Accountancy · 2025 · 1 mark
CBSE 2025 · Region 2 · Set 1 · Q12
The amount of share capital which a company is authorised to issue by its Memorandum of Association is known asORAccording to Securities and Exchange Board of India (SEBI), guidelines, minimum subscription of capital cannot be less than $\displaystyle 90$% of
OR
According to Securities and Exchange Board of India (SEBI), guidelines, minimum subscription of capital cannot be less than $\displaystyle 90$% ofOfficial answer
From CBSE’s own marking scheme for this paper.
(a) → (A)
(b) → (B)
Marking-scheme solution
(A)
Nominal Capital
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 2025board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.