Difference between Authorised capital and Issued Capital class 12

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looking for the difference between authorised capital and issued capital as per the syllabus of class 12 CBSE, ISC, and state Board.

I have explained this topic in detail.

Distinction between Authorised capital and Issued capital (Class 12)

Authorised capital vs Issued capital

Basis of DistinctionAuthorized/Nominal/Registered capitalIssued Capital
MeaningIt is the maximum amount for which a company is authorised to issue sharesIt is that part of the authorised capital which is offered to the public for subscription.
DisclosureIt is stated in the Memorandum of Association of the companyIt is stated in the Articles of Association of the Company.
LimitIt is equal to or more than the issued capitalIt is equal to or less than the authorised capital.
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