what is authorised capitla and subscribed capital
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Answer Posted / vijay gawalkar
At the time of Incorporation of Company, in Article of
association the maximum limit of Capital to be raised from
shareholder are mention called Authorised Share Capital.
Note, company cannot raised capital amount more than
Authorised Captial unless the Article of Association is
ammended by passing special resolution by the share holders
with approval of central Government and ROC.
Subscribed share Capital is nothing but the share Capital
issued to the shareholder and subscribed by share holder.
| Is This Answer Correct ? | 56 Yes | 9 No |
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