Authorised Share Capital
- 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.
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