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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