According to the Companies Act, 2013, ‘nominal capital' implies

According to Section 2(8) of the Companies Act, 2013, 'nominal capital' is synonymous with 'authorised capital'. It is defined as the maximum amount of share capital that a company is authorised by its Memorandum of Association (MoA) to issue. This represents the legal upper limit of capital a company can raise through shares. Other terms mentioned in the options refer to different stages of capital: 'called-up capital' is the portion called for payment, 'paid-up capital' is the actual amount received from shareholders, and 'issued capital' is the portion offered for subscription from time to time. Nominal capital is essentially the registered value that defines the company's potential capacity to raise equity, regardless of whether those shares have been issued or paid for yet.