Company has an authorized capital of 100millon shares at N1 per share, out of which 50 million shares have been issued and fully paid-up, the remaining 50 million shares have?
-
A.
Not yet been issued -
B.
Been applied for but not issued -
C.
Not been paid-up -
D.
Been issued but have not been paid-up
Correct Answer: Option A
Explanation
Of the 100 million shares, 50 million has been issued and fully paid, this means that the remaining part of the shares has not been issued.