Authorized capital is mentioned in capital clause of Memorandum of Association.
Q.1 (D) (2) Authorized capital is mentioned in capital clause of Memorandum of Association.
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Answer: True
The capital clause of the Memorandum of Association states the authorised (nominal) capital, the maximum capital the company can raise, and its division into shares of a fixed amount.
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· 28 Oct 2026
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