Authorized share capital is the capital that is registered by the registrar of the company. It is the highest boundary, within limits of which a company can do its business. However, the company can operate its business with less amount than the authorized which is divided into several shares of certain values to each shareholder. It is the maximum amount of shares a company can issue.
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It is the actual amount of shares the company has published to its shareholders. The company can arise more shares up to the authorized capital of the company.