A company has an authorized capital of 40 million shares ...
A company has an authorized capital of 40 million shares at N1 per share, out of which 32 million shares have been issued and fully paid-up. The remaining 8 million shares have
been issued but have not been paid-up
been applied for but not issued
not been paid-up
not yet been issued
Correct answer is D
No explanation has been provided for this answer.
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