• Also call Nominal Capital
• This is the total amount of share capital stated in the Memorandum of Association that can be offered for subscription

Issued Capital

• This is the part of the authorized capital that has been offered to the public for subscription and has been ACTUALLY allotted to the subscribers
• Usually includes shares issued other than for cash and those issued for cash
• The issued capital CANNOT BE MORE than the authorized capital

Called-up Capital:

• A company may not require the full amount of money to be paid immediately by the subscribers on the issues of its shares.
• It “calls up” only when it needs the cash and hence that portion of the issued capital which has been called up is termed Called-up capital

Uncalled Capital:

• This is the portion of the nominal value of the share actually issued which has not yet been called up.

Paid-up Capital:

• This is the amount of called-up capital that has been paid up by the shareholders.
• When the shareholder fails to pay the sum due from him when a call is made, the amount outstanding is term CALLS IN ARREAR.