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COMPANY ACCOUNTS I AND II
What is the meaning of 'authorized share capital' in a company?
Authorized share capital is the maximum amount of share capital that a company is legally permitted to issue to shareholders, as stated in its Memorandum of Association.
What is the face value (nominal value) of a share in company accounts?
The original value printed on the share certificate.
What is 'paid-up capital' of a company?
Paid-up capital is the portion of called-up capital that has actually been received from shareholders; it equals issued capital minus calls in arrears.
What is 'subscribed share capital' in a company?
Portion of issued capital actually taken up by shareholders.
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