authorized share capital

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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.

authorized share capital

or

registered share capital

the maximum amount of SHARE CAPITAL which a JOINT-STOCK COMPANY can issue at any time. This amount is authorized by the company's ARTICLES OF ASSOCIATION, is disclosed in the BALANCE SHEET and may be altered by SHAREHOLDERS at the company ANNUAL GENERAL MEETING. The ISSUED SHARE CAPITAL cannot exceed the authorized amount, though not all the authorized capital need be issued.
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References in periodicals archive ?
Subsequent to this capital increase, the registered share capital of the company is EUR29,031,500.
13% of BioPorto's registered share capital before the capital increase and is exempt from the prospectus requirements.
Hansa Medical AB (STO:HMED) on Wednesday reported an increase in the company's registered share capital and number of outstanding shares and votes during May 2017.
The loss arising from the impairment charge will most likely result in the company s shareholders equity being less than one-half of the registered share capital.
Senacheert said "The increase in registered share capital indicates that PRASAC's shareholders have a strong commitment to support and develop PRASAC.
The registered share capital of the JV Company shall be RMB 2,000,000 (equivalent to approximately HK$2,288,000) andwill be satisfied by payment in cash by both parties.
Turkish Airlines applied to the country's Capital Markets Board for approval to increase its registered share capital from the current TRY500 million (USD325 million) to TRY2 billion.
According to the company, since the conversion occurs between the two share classes, it does not affect its registered share capital, which remains unaltered at EUR27,776,072 and is divided into 165,149,030 shares.
The new registered share capital of Nickel Mountain Group AB is SEK 268,307,180 divided into 536,614,360 shares, each with a par value of SEK 0.
Reportedly, the company's board of directors had an authorisation from the Annual General Meeting to issue up to 10% of the registered share capital.
Also, since the conversion occurs between the two share classes, it does not affect the company's registered share capital, which remains unaltered at EUR27,776,072 and is divided into 165,149,030 shares.

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