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          Companies Law

          'authorised capital' or 'nominal capital'

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          Authorised capital defined as company memorandum's maximum permitted share capital, restricting issuance under corporate law. Authorised capital, or nominal capital, denotes the maximum amount of share capital a company is permitted to have as authorised by its memorandum of association, and any share issuance must be measured against that authorised ceiling.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Authorised capital defined as company memorandum's maximum permitted share capital, restricting issuance under corporate law.

                                Authorised capital, or nominal capital, denotes the maximum amount of share capital a company is permitted to have as authorised by its memorandum of association, and any share issuance must be measured against that authorised ceiling.


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