Nominal and Registered Capital
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Partnership and LLP AccountsQ-1 | Partnership and LLP AccountsQuestion 5210 of 108
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Detailed Solution & Explanation
Nominal or authorised or registered capital:
It is the sum stated in the memorandum as the capital of the company with which it is to be
registered.
◆ It is the maximum amount, which a company authorised to raise by issuing shares.
♦ It can be increased as and when decided by the company by following necessary
formalities.
About This Chapter: Partnership & Companies
Paper
Paper 1: Accounting
Weightage
15-20%
Key Topics
Admission, Retirement, Death, Shares, Debentures
This chapter covers Admission, Retirement, Death, Shares, Debentures and is part of Paper 1: Accounting in the CA Foundation exam.
View Official ICAI SyllabusExam Strategy Tip
This topic carries 15-20% weightage. Focus on understanding core concepts rather than memorizing.
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