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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
We are very near our maximum for authorized capital. So far, there are no plans for equity capital raising,' said John Marson Hao, the company's investor relations officer.
Tarek Aggad Aggad, chairman and CEO of APIC said that the company's authorized capital was increased to reach $100 million.
The Board of Directors proposes, subject to the shareholders' approval of increasing the authorized capital for scrip dividend, a distribution of CHF 0.70 per registered share payable out of capital contribution reserves for the 2015 financial year in the form of either a scrip dividend, a cash distribution or a combination thereof.
property and to replenish the authorized capital through extra closed issue of shares.
Currently, the authorized capital of commercial banks has to be not less than 200 million som ($3.1 million).
During the month returns for increase in the authorized capital of 59 companies were accepted, with the total authorized capital increment of Rs.17.9 billion.
ASTANA (CyHAN)- On September 27, 2013 the deal was completed on the acquisition by the Russian-Kazakh company Uranium Enrichment Center (UEC) JSC of 25 percent plus one share in the authorized capital of Ural Electrochemical Plant JSC (UEC project ), a statement of Kazakh company Kazatomprom said on Tuesday.
The 121st Annual General Meeting of Rieter Holding Ltd shareholders approved all proposals by the Board of Directors, including amendment of the Articles of Incorporation to create authorized capital in the amount of 2.5 million CHF.
The authorized capital and paid-up capital of 284 companies, is Rs1.9 billion and Rs359.16 million respectively.
"Currently, AB Rokiskio suris owns 2 576 924 units of treasury shares including the previously acquired shares, and it makes 6,70 % of the company's authorized capital", added Trumpa.
14, 2019 it was decided to increase the authorized capital by 15 million manats by placing an additional emission in the amount of 13,864 shares with a par value of 1,082 manats for one security.

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