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 ?
5 million, will be taken from the authorized capital stock increase.
The reduction in par value will result in the common shares being split into 10 common shares for every one common share of Pure Foods' authorized capital stock.
Macalino, the BSP and SEC have given go ahead to the lender s amended Articles of Incorporation increasing the authorized capital stock from P6.
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.
After capitalization, the bank's authorized capital will reach 67.
With the SEC's approval, APL will have an authorized capital stock of P6 billion divided into 600 billion shares.
According to PNB, the SEC cleared last week the amendments to its Articles of Incorporation, raising its authorized capital stock to P70 billion divided into 1.
To date, Kyrgyz citizens when entering the civil service are prohibited from owning shares, other securities and stakes in authorized capital of organizations.
Areximbank-Gazprombank Group CJSC has increased its authorized capital by 25%, or 4.
The total authorized capital and paid-up capital of the companies registered during the preceding financial year, amounted to Rs103.
As a result, the Company's authorized capital has increased from 100,000,000 shares of common stock with a par value of $0.
Azerbaijan's AGBank is increasing its authorized capital by seven million manats, the bank said in a message.

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