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प्रश्न
Explain the following term/concept.
Authorised capital
टिप्पणी लिखिए
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उत्तर
(a) This is the amount of capital stated in the capital clause of the Memorandum of Association. It is also known as "Nominal Capital" or "Registered Capital”.
(b) The company is entitled to raise finance by the issue of shares only up to the amount of authorised capital. However, the company can increase the amount of authorized capital by altering the Memorandum suitably.
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