UPSC CDS GS Economy Questions Part 2

According to the Companies Act, 2013, `Nominal capital’ meanssuch capital as is authorised by the memorandum of a company to be the maximum amount of share capital of the company. TheCompanies Act 2013 is an Act of the Parliament of India on Indiancompany law which regulates incorporation of a company,responsibilities of a company, directors, dissolution of a company.The 2013 Act is divided into 29 chapters.