Share Capital refers to the funds raised by a company by issuing shares to investors. It represents the owner’s equity in the business.
Classification:
Authorized (Nominal) Capital: The maximum amount of capital a company is authorized to raise (stated in the MoA).
Issued Capital: The part of authorized capital offered to the public for subscription.
Subscribed Capital: The part of issued capital for which the company has received applications.
Paid-up Capital: The actual amount of money paid by shareholders against the shares.
Nature: Under Section 44, shares are considered movable property and are transferable according to the company's Articles.
No comments:
Post a Comment