Under section 2(8) of the Companies Act, 2013, the capital which is authorised by the memorandum of a…

Section 2(8) of the Companies Act, 2013 defines "authorised capital" or "nominal capital" as such capital as is authorised by the memorandum of a company to be the maximum amount of share capital of the company; it is the capital with which the company is registered. Issued capital (section 2(50)) is the capital the company issues from time to time for subscription, and subscribed capital (section 2(86)) is the part of the capital for the time being subscribed by the members, and neither can exceed the authorised capital.