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What are authorized shares?

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23rd Feb 2011 by admint

An authorized share is a company’s maximum number of share of stock that it can issue. Authorized shares must be issued within the company’s article of association that are provided for at the time the company is incorporated. It is also called as authorized stock or shares authorized. It can only be increased or decreased with a shareholder vote.

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26th Nov 2009 In Stocks 1 Answers | 1231 Views
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