Company Accounts

Share Capital

Easy

common

Authorised capital is the amount of share capital which a company is authorised to issue by its:

SEBI

Article of Association

Board of directors

Memorandum of Association

✅ Correct Option: 4

Authorised (nominal or registered) capital is stated in the capital clause of the Memorandum of Association, which fixes the maximum amount of share capital a company may issue. The Articles govern internal management such as calls and forfeiture, and altering authorised capital requires alteration of the Memorandum.

2026: 13 May Shift 1

Amount forfeited on shares is shown under which head of the balance sheet?

2022: 16 July Shift 2

Amount transferred to Capital Reserve will be

2025: 30 May Shift 1

What is the nominal share capital?

2025: 15 May Shift 2

If the premium amount has not been received, in respect of the shares forfeited, the Securities Premium Reserve Account

2026: 13 May Shift 1

Taxman Ltd had allotted 40,000 equity shares to the applicant of 48,000 shares on pro rata basis. The amount payable on application is Rs. 4. Manorama applied for 450 shares. The number of shares allotted and the amount carried forward for adjustment against allotment money due from her are:

2025: 3 June Shift 2

The profit on the reissue of forfeited shares is transferred to

Authorised capital is the amount of share capital which a company is authorised to issue by its:

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