what is authorised capital ?
Answers were Sorted based on User's Feedback
Answer / ankita
Authorized capital is the maximum amount of capital that a
company can raise in it's lifetime.
Is This Answer Correct ? | 11 Yes | 3 No |
Answer / arumugam mariyan
Authorised capital is the amount that we invested in our
business
Is This Answer Correct ? | 6 Yes | 7 No |
Answer / champak
The maximum number of shares that a corporation is legally
permitted to issue, as specified in its articles of
incorporation. This figure is usually listed in the capital
accounts section of the balance sheet. This number can be
changed only by a vote of all the shareholders. Management
will typically keep the number of authorized shares higher
than those actually issued. This allows the company to sell
more shares if it needs to raise additional funds.
Is This Answer Correct ? | 0 Yes | 1 No |
Answer / akki
amount that we show in memorandom of association that is
calld authorised capital.
Is This Answer Correct ? | 0 Yes | 5 No |
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