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.

The authorized capital of the company consists of............. shares.

30,000

The correct answer is option 3- 30,000.

The nominal capital of ₹30,00,000 divided into shares of ₹100 each.
Shares = 30,00,000 / 100
            = 30,000 shares