what is Authorised capital ? ans. It is the maximum capital which can be raised by a public subscription by sale of shares. The authorised capital refers to the max. nominal value of all the shares that a company issues. It is also known as nominal capital or registered capital. 2. Issued capital - IT is a part of authorised capital that is placed before the investing public for subscription. 3. Paid up capital - It is that part of the issued capital or a company which has been paid up by the shareholder. 4. Fiat money - Inconvertible paper money that is issued by agreement order.
Posted on: Tue, 28 Jan 2014 12:11:35 +0000
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