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A public limited liability company having a nominal capital made up of 200 000 ordinary ...

A public limited liability company having a nominal capital made up of 200 000 ordinary shares of 50k each decided to issued 50% of it to the public.
What is the authorized capital?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A N40 000
  • B N50 000
  • C 100 000
  • D 200 000
Correct Answer: Option B
Explanation:

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