The authorised capital is also known as nominal capital (agree/disagree)
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Authorized capital is stated in the memorandum of association of the company. As per section 2(8) of the companies act, authorized capital or nominal capital means the capital as is authorized by the memorandum of the company. It is the maximum amount of share capital which a company can issue.
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authorised capital sometimes referred to as authorised share capital, registered capital or nominal capital.
yes I am agree with this statement, because it is the maximum amount of the shared capital that the company is authorised by it's constitutional documents to issued to share holders.
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