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Question
An authorised capital refers to ______.
Options
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.
MCQ
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Solution
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.
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