The nominal capital of a public limited company is made up of 400,000 ordinary shares of 50k each.
The Board of Directors decided to issue 50% of it for subscription by the public.
The authorized share capital is
The Board of Directors decided to issue 50% of it for subscription by the public.
The authorized share capital is
-
A.
#400,000 -
B.
#200,000 -
C.
#100,000 -
D.
#50,000