define a authorised capital
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heya, here's ur answer......
Maximum value and amount of total shares that a company is authorized to issue legally is termed as authorized capital or authorized share capital. It is the maximum amount a company can raise as capital in form of both equity shares and preference shares during its lifetime.
hope this helps u ☺
Maximum value and amount of total shares that a company is authorized to issue legally is termed as authorized capital or authorized share capital. It is the maximum amount a company can raise as capital in form of both equity shares and preference shares during its lifetime.
hope this helps u ☺
Answered by
1
The limits upto which shares can be issued by a company.
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