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 ?
Since this 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.
Shares repurchased will be cancelled and result in a reduction of the Companys registered share capital.
The company also increased its authorized and registered share capital and amended its Articles of Association to reflect the reverse share split and the increase in share capital.
Hansa Medical AB (Stockholm:HMED), a biopharmaceutical company focusing on inhibition of immunoglobulin G (IgG)-mediated immunopathologies, announced on Wednesday an increase in the company's registered share capital and number of outstanding shares and votes during the month of October 2018.
These repurchased shares account for 6.24 % of the company's registered share capital. The shares were acquired at an average purchase price of EUR 37.49 EUR.
Following the registration, the selling shareholders of Heptagon hold approximately 19.5% of the total registered share capital of ams.
Senacheert said "The increase in registered share capital indicates that PRASAC's shareholders have a strong commitment to support and develop PRASAC.
The lender offered up to 6.48m new shares, equal to around 9.99% of its current registered share capital. The offer price is expected to be announced on 1 March, with shares to start trading a day later.
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.
In total Ericsson has secured 75.1% of the registered share capital in LHS.
These new shares are equivalent to 5.59% of BioPorto's registered share capital prior to the share capital increase and is exempt from the requirement to publish a prospectus.

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