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