Concept:The capital authorised in the memorandum of association is called nominal capital.Explanation:Nominal capital is the maximum share capital a company can legally issue.It is written in the memorandum of association and approved by the registrar of companies.Paid-up capital is the amount shareholders have already paid.Called-up capital is the amount shareholders are asked to pay now.Working capital is used for daily business operations.Hence, the correct term for the share capital stated in the memorandum is nominal capital.Answer:C. nominal capital