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Authorised share capital
The total number of shares a company is authorised to issue by reference to its memorandum and articles of association.The amount of issued share capital must be lower or equal to the authorised share capital. i.e. a company cannot issue more shares than it is authorised to issue in its Articles.
Similar MatchesAuthorised stockAuthorised stock
In the US, the total number of shares which a corporation may issue, in accordance with the limits stipulated in its articles of incorporation.
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