ExamCompetition Forum Question Papers Ask A Question Mock Test Learn & Earn Sign Up Login Menu



0 vote

What does authorize capital mean in securities market?

Asked on by | Votes 0 | Views: 42 | Tags: banking financial awareness     | financial awareness     | Add Bounty

What does authorize capital mean in securities market?
1). Maximum amount authorized by Ministry of corporate affairs
2).

Maximum amount authorized by SEBI


3). Maximum amount authorized by Memorandum of Association of the company
4).  Maximum amount authorized by promoters


Share on Facebook      Share on Whatsapp       Share on Twitter




1 answers

3 vote
Answered by on | Votes 3 |
  • 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.

Join Telegram Group




Answer This Question

Name:
Email:
Answer :
Sum of (2+4)
Submit: