Read the following passage and answer the question.

A company was registered with a nominal capital of ₹30,00,000 divided into shares of ₹100 each, Out of which 20,000 shares were offered to the public. The amount payable was ₹30 per share on the application, ₹40 per share on the allotment, and ₹30 per share on the first and final call. 19,500 shares are subscribed by the public which is allotted to them. A shareholder holding 800 shares did not pay the allotment money and further any call.

What is the issued capital of the company?

₹20,00,000

The correct answer is option 2- ₹20,00,000.

Issued shares = 20,000 shares
Value of each share = ₹100
Issued capital = 20,000 X 100
                       = ₹20,00,000