22 February 2014
Authorised share capital is the maximum share which the company can issue to the public / promoters as the case may be..Authorised share capital is decided at the time of formation of the comapy. However you can increase by intimating to the roc.
Paid up capital are the share capital which are actually issued to public i.e which are actually subscribed out of authorised shares.
paid up capital can either be less or equal to authorised share capital ..but can never be more than authorised share capital
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