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.
References in periodicals archive ?
An Extra Ordinary General Meeting of members of the Company is convoked on January 21, 2016 to received nod of Shareholders to empower the Board of Directors to alter capital clause of Memorandum of Association of the Company and to decide the mode, size and terms & conditions of issue of capital.
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.
Key rating factors that may result in VBIC's ratings being upgraded include a timely and adequate capital contribution from its new parent, VHS, to support future premium growth and maintenance of capital levels above the guidelines for BCAR--to allow for fluctuations in profitability from the projections provided; the establishment of a sustainable track record of profitable revenue growth; and the establishment of an unconditional guarantee with a strong net worth maintenance and risk-based capital clause.
Full browser ?