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 mi...

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

Answer Details

The authorized capital of a company refers to the maximum number of shares that the company is authorized to issue. In this case, the company has an authorized capital of 100 million shares at a price of N1 per share. Out of this authorized capital, 50 million shares have been issued and fully paid-up. This means that the company has already sold and received payment for these 50 million shares. The remaining 50 million shares have not yet been issued, which means that the company has not yet offered them for sale to the public. These shares are still available for the company to issue in the future, subject to any regulatory requirements. Therefore, the correct answer is: "Not yet been issued".