Shares
This query is : Resolved
CA RICHA BADALIA
(Expert)
25 November 2011
The capital which is mentioned in the capital clause of the memorandum of assoiciation is called as authorised capital.This is the maximum no. of shares that the company is authorised to issue to public.The part of the authorised capital which has been issued to shareholders is referred to as the issued share capital of the company.
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