The capital which is authorized by the memorandum of the company to be the maximum amount of share c...........

Companies Act-Phase (I & II) Share capital and debentures

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The capital which is authorized by the memorandum of the company to be the maximum amount of share capital is called-

authorized share capital of the company

Nominal share capital of the company

Paid up share capital of the company

Both a and b

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Explanation:

As per section 2(8) of companies act, 2013 'Authorised capital' or " Nominal Capital " is the maximum amount of the capital for which shares can be issued by the company to shareholders. It is mentioned in the Memorandum of association of company, decided prior to the incorporation of the company.

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