capital clause
capital clause
a clause in a company's memorandum of association stating the amount of share capital with which the company proposes to be registered and the division of it into shares of fixed amount.Collins Dictionary of Law © W.J. Stewart, 2006
References in periodicals archive
The CLB has authorised the Satyam board to pass a resolution to amend the
capital clause of the memorandum of association to raise its authorised capital.
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