Question

authorised share capital of a company is states in the_
(a) articles of association
(b) statement of profit and loss
(c) memorandum of association
(d) cash flow statement
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Answer 1

Explanation:

The authorized capital of a company (sometimes referred to as the authorized share capital, registered capital or nominal capital, particularly in the United States) is the maximum amount of share capital that the company is authorized by its constitutional documents to issue (allocate) to shareholders. Part of the authorized capital can (and frequently does) remain unissued. The authorized capital can be changed with shareholders' approval. The part of the authorized capital which has been issued to shareholders is referred to as the issued share capital of the company.