Share capital

 According to Section 2(8) "authorised capital" or "nominal capital" means such capital as is authorised by the memorandum of a company to be the maximum amount of share capital of the company. 

  •      Whereas Section 2(86) "subscribed capital" means such part of the capital which is for the time being subscribed by the members of a company.


      As per Section 2(15) "Called-up capital” means such part of the capital, which has been called for payment.
      Section 2(64) defines "paid-up share capital" or "share capital paid-up" means such aggregate amount of money credited as paid-up as is equivalent to the amount received as paid-up in respect of shares issued and also includes any amount credited as paid-up in respect of shares of the company, but does not include any other amount received in respect of such shares, by whatever name called.

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