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Share Capital and Types of Shares — SPCC STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceSPCCShare Capital and Types of Shares2 Marks
Question
What is called Reserve capital?
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Answer

When the management of a company feels that called up capital is sufficient for bj,isiness and in future there will be no requirement of such capital, special resolution is resolved in the shareholders meeting to keep reserved capital. It is known as Reserved capital.

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