Question

An authorised capital refers to ______.

विकल्प

• called-up value of all shares allotted.

• paid-up value of all shares allotted.

• Nominal value of all shares offered to public.

• The amount which is stated in the capital clause of the Memorandum of Association as the Share Capital.

Answer 1

An authorised capital refers to the amount which is stated in the capital clause of the Memorandum of Association as the Share Capital.

Explanation:

Authorised capital is the maximum amount of share capital that a company is authorised to issue. It is stated in the capital clause of the Memorandum of Association.