Authorized share capital refers to the maximum amount of share capital that a company is authorized to issue as detailed in the company's memorandum of association. It is sometimes referred to as nominal share capital, nominal capital, or registered capital.
A shareholder of a company whose name is entered in the register of members. Founder members are those who sign the memorandum of association; anyone subsequently coming into possession of the company's shares becomes a member.
An essential official document required to submit to the Registrar of Companies for the formation of a new company, highlighting initial details like company type and authorized share capital.
Ultra vires is a Latin term meaning 'beyond the powers,' used to denote actions taken by officials or corporations that exceed the authority granted to them by law or constitutive documents.
