Examveda
Examveda

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.

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