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Authorised Share Capital

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Question

Give one word / Term / phrase for each of 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.

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