The maximum amount beyond which a company is not allowed to raise funds, by issue of share is
A)Issued Capital .
B)Reserve Capital .
C)Subscribed Capital .
D)Authorised Capital

Question

Quizplus · Accepted Answer

Authorised Capital, also known as nominal or registered capital, is the maximum amount of share capital that a company is authorized by its constitutional documents to issue to shareholders. It sets a limit to the amount of funds a company can raise through the issuance of shares.

The Maximum Amount Beyond Which a Company Is Not Allowed