Match List - I with List - II according to SEBI Guidelines and the Companies Act, 2013:
\begin{array}{|l|l|}\hline\textbf{List - I} & \textbf{List - II} \ \hline\text{(A) Application money must be at least ____% of the face value of the share} & \text{(I) } 25% \\text{(B) The amount of a single Call should not exceed ____% of the face value of the share} & \text{(II) } 90% \\text{(C) Minimum subscription cannot be less than ____% of the issued amount under SEBI guidelines} & \text{(III) } 10% \\text{(D) Max interest charged on call-in-arrears under Table F is @ ____% p.a.} & \text{(IV) } 5% \ \hline\end{array}
Choose the correct answer from the options given below:
- A(A)-(IV), (B)-(I), (C)-(II), (D)-(III)
- B(A)-(II), (B)-(III), (C)-(IV), (D)-(I)
- C(A)-(IV), (B)-(II), (C)-(I), (D)-(III)
- D(A)-(III), (B)-(I), (C)-(IV), (D)-(II)
Solution & Step-by-step Explanation
Matching based on corporate statutory regulations:Application money limits (A): Under Section 39 of the Companies Act, it must be at least (IV) of the nominal face value.Call amount limit (B): According to Table F provisions, no single call can exceed (I) of the face value.Minimum subscription limits (C): SEBI mandates an issue must secure at least (II) subscription before allocation.Interest on Call-in-Arrears (D): Table F prescribes a maximum interest rate of p.a. (III).