Authorized shares

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Related to authorized capital: authorized capital stock, Issued capital

Authorized shares

Number of shares authorized for issuance by a firm's corporate charter.

Authorized Shares

The maximum number of shares a company is allowed to issue. Generally, the company's charter specifies the number of authorized shares, but shareholders can increase or decrease it according to procedures listed in the charter. Typically, the number of authorized shares is larger than the required amount in order to give a company the greatest amount of flexibility. Authorized shares are also called authorized capital stock or simply authorized stock.
References in periodicals archive ?
The approval of stockholders and increase in authorized capital allows certain previous agreements between the Company and holders of its 6% Senior Secured Convertible Debentures to take effect, including, among other things, waivers of prior non-compliance with certain financial covenants contained therein and the amendment of various financial covenants on a going-forward basis.
With the latest enlargement in the authorized capital, the Development Bank has turned into the second largest bank in the country by the volume of the authorized capital, only after Belarusbank.
In the country, International Bank of Azerbaijan- a giant state-owned bank owns at least 40% of all bank assets in the country - will bring its authorized capital up to $1 billion.
The authorized capital will offer the board the flexibility to issue these shares within a maximum time limit of two years.
As a result, the Company's authorized capital has increased from 100,000,000 shares of common stock with a par value of $0.
received today the approval of the Bangko Sentral ng Pilipinas on the amendment of SBC s articles of incorporation on the increase in authorized capital stock from P6 billion to P10 billion, divided into one billion common shares with a par value of P10 each.
Once effective, the Company's authorized capital will increase from 100,000,000 shares of common stock with a par value of $0.
400 crore to the India Infrastructure Finance Company Ltd (IIFCL) during 2013-14 with a proviso that further release within the authorized capital may be made with the approval of Finance Minister subject to budgetary allocations being available.
The authorized capital and paid up capital of companies incorporated in October is Rs.
In connection with the approval by shareholders of the reverse split, the Company's authorized capital was also increased by shareholder approval to up to 150,000,000 shares.
Expressbank OJSC performed increase of its authorized capital by 10.
67 million shares of the Company's common stock; (2) the ratification and approval of the July 2005 debenture financing and (3) to increase the Company's authorized capital stock from 10,000,000 shares to 75,000,000 shares.

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