One Word Answer
Give one word / Term / phrase for the following statement :
Capital stated in the capital clause of Memorandum of Association.
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Solution
Authorised Capital
Explanation: The capital stated in the capital clause of the Memorandum of Association is regarded as authorised capital. It is the maximum amount of capital that a company can issue to its shareholders. It is also known as the registered capital or the nominal capital of a company.
Concept: Nature and Types of Share and Share Capital
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