The maximum share capital the company is authorised to issue as per its article of association.
This is the highest amount of share capital that a company can issue. The amount is set out in the company's memorandum of association.
Authorised Share Capital, or ‘nominal capital', is the amount of share capital stated in the company's memorandum of association. The passing of an ordinary resolution, which is filed with a Form 123, can increase this figure. It is decreased by passing an ordinary resolution, with the company submitting a Form 122. When the authorised capital is being reduced the shares must be unissued.
The maximum amount of shares that can be issued by the company.
The Authorised share capital is the number of shares the company has available to issue at any time. This is laid out in the Memorandum & Articles of the company. Bankruptcy The formal state in personal insolvency where a person's assets move by operation of law to his trustee in bankruptcy for the benefits of their creditors.
The total value of shares that the company could issue, as distinct from the up and paid up share capital. Click here to go back to the top of the page
The total number (and value) of shares a company is legally entitled to issue - the nominal capital which the company is authorised to issue by its memorandum of association. This may be increased by an ordinary or special resolution depending on the provisions of the articles of association.
The total number of shares a company is authorised to issue with regard to its memorandum and articles of association.
The nominal value of the share capital of a company. It cannot issue shares to a greater value without a special resolution to increase it.
The authorised share capital of a company is the maximum amount of share capital that may be issued by a company. This amount can be found by looking in the company's memorandum of association. The authorised share capital must be disclosed on the face of the balance sheet or alternatively in the notes to the accounts. This is also referred to as “nominal share capitalâ€.
The amount of shares that a company is allowed to issue. Specified in the memorandum of association and requires a shareholder meeting to change the amount. Not all of the authorised share capital has to be issued.
The amount of share capital that a limited company is authorised to issue. This does not provide any indication of the worth of the company which is related to its Issued Share Capital and reserves, its net asset value and its profitability.
The maximum number of shares that a company can issue, as specified in the firm's articles of incorporation.
Under the Companies Act 1985 shares may be issued by the company to shareholders in return for cash or other value equal to or greater than its nominal value. Shares in the authorised share capital are available to be issued. The issued share capital refers to shares which have been allotted and issued and held by shareholders. Not all of the authorised share capital needs to be issued. When shares are issued the person subscribing must pay cash or equivalent value of at least the nominal amount. Where the share is worth more than its nominal amount, a premium may also be paid.