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

COMMERCEJAMB 1997

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?

  • A. N40 000
  • B. N50 000
  • C. 100 000
  • D. 200 000

Correct Answer: B. N50 000

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