The authorized share capital of a limited liability company is the number of shares

The authorized share capital of a limited liability company is the maximum number of shares that the company is allowed to issue or create according to its Memorandum of Association. It is the amount of money that the company can raise through the sale of its shares to investors. This number is set when the company is formed and can be increased or decreased by a special resolution passed by the shareholders of the company. However, it's important to note that the authorized share capital is not the same as the number of shares actually issued by the company. The number of shares issued by the company is usually less than the authorized share capital and it depends on how many shares have been subscribed, called up and paid for by the investors. The authorized share capital is just the maximum limit, while the number of shares actually issued depends on the company's fundraising needs and the demand for its shares in the market.