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 – Not yet been issued

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.