What does authorize capital mean in securities market?1). Maximum amou – InterviewSolution

1.	What does authorize capital mean in securities market?1). Maximum amount authorized by Ministry of corporate affairs2).3). Maximum amount authorized by Memorandum of Association of the company4).Maximum amount authorized by promoters
Answer» Authorized capital means the MAXIMUM amount authorized by Memorandum of Association of a company that can be raised by the company. It is not MANDATORY to ISSUE shares equal to the authorized capital. It can be a lesser amount as PER REQUIREMENT of the company.

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