The maximum amount beyond which a company is not allowed to raise funds by issue of shares is
A. Issued capital
B. Reserve capital
C. Nominal capital
D. Subscribed capital
Answer: Option C
Solution(By Examveda Team)
The maximum amount beyond which a company is not allowed to raise funds by issue of shares is Nominal capital. Nominal capital, also known as authorized capital, represents the securities that are designated for shareholders.This Question Belongs to Commerce >> Accounting
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