UK Accounting Glossary
The total value of shares that the company could issue, as distinct from the up and paid up share capital.
A former requirement of the now repealed section 2(5)(a) of the Companies Act 1985 under which, before 1 October 2009, a company with share capital was required to state in its memorandum the amount of capital that the company was authorised by its shareholders to issue together with the number and nominal value of the shares into which it was divided.
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Definitions for Authorised Share Capital are sourced/syndicated and enhanced from:
This glossary post was last updated: 26th December 2018.