Question
The capital that is specified in the Memorandum of
association of a company is ___________Solution
Authorised capital is the maximum amount of capital the company is authorised to raise. The maximum permissible limit is mentioned in the Memorandum of Association (MoA) of the Company, in the Capital Clause Paid-up share capital is the amount for which shares are issued to the shareholders and the payment is done by the shareholders.
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