Advertisements
Advertisements
Question
Give one word / Term / phrase for the following statement :
Capital stated in the capital clause of Memorandum of Association.
One Word/Term Answer
Advertisements
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.
shaalaa.com
Is there an error in this question or solution?
