Question : Authorised Capital of a company is mentioned in :
Option 1: Memorandum of Association
Option 2: Article of Association
Option 3: Prospectus
Option 4: Statement in Lieu of Prospectus
Answer (1)
24th Jan, 2024
Correct Answer: Memorandum of Association
Solution : The company's initial Authorised Capital is stated in its Memorandum of Association. With the consent of the shareholders and by paying an additional charge to the Registrar of Companies, the business may at any moment increase its capital.
Hence the correct answer is option 1.
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