wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Give one word / Term / phrase for each of the following statement :

Capital stated in the capital clause of Memorandum of Association.

Open in App
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.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Issue of Shares
ACCOUNTANCY
Watch in App
Join BYJU'S Learning Program
CrossIcon