Authorized share capital is also known as?

Assessment: JAMB UTME - Commerce - 2004 Subject: Commerce

Question 1 Report

Authorized share capital is also known as?
Answer Details
Authorized share capital is also known as registered share capital. This refers to the maximum amount of shares that a company is legally authorized to issue to its shareholders. The authorized share capital is typically stated in the company's memorandum of association and can only be changed through a special resolution passed by the shareholders. The registered share capital is an important part of a company's capital structure and influences its ability to raise funds for expansion and growth.
Read lesson note on Business Capital And Profits (WAEC)
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