Which of the following is false?
A. Issued capital can never be more than the authorized capital
B. In the case of under subscription, issued capital will be less than the subscribed capital
C. Reserve capital can be called at the time of winding up
D. Paid up capital is part of called up capital
Answer:B
Which of the following is false?
A. Issued capital can never be more than the authorized capital B. In the case of under subscription, issued capital will be less than the subscribed capital C. Reserve capital can be called at the time of winding up D. Paid up capital is part of called up capital