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The 'authorised capital' of a company (sometimes referred to as the 'authorised share capital' or the 'nominal capital', particularly in the United States) is the maximum amount of share capital that the company is authorised by its constitutional documents to issue to shareholders. Part of the authorised capital can (and frequently does) remain unissued.
The part of the authorised capital which has been issued to shareholders is referred to as the issued share capital of the company.

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See also

See also

★ Issued share capital

★ Share capital