Match List-I with List-II based on company share capital terminology:List-IList-II(A) Reserve Capital(I) That portion of the subscribed capital which has not yet been called up.(B) Uncalled Capital(II) It is that part of the issued capital which has been actually subscribed by the public.(C) Paid-up Capital(III) A company may reserve a portion of its uncalled capital to be called only in the event of winding up of the company.(D) Subscribed Capital(IV) It is that portion of the called-up capital which has been actually received from the shareholders.Choose the correct answer from the options given below:
- A(A) - (II), (B) - (III), (C) - (I), (D) - (IV)
- B(A) - (III), (B) - (I), (C) - (IV), (D) - (II)
- C(A) - (I), (B) - (II), (C) - (IV), (D) - (III)
- D(A) - (III), (B) - (IV), (C) - (I), (D) - (II)
Solution & Step-by-step Explanation
Let's match each definition from the provisions of Schedule III:(A) Reserve Capital: Uncalled capital set aside to be called up only in the event of liquidation/winding up (III).(B) Uncalled Capital: The portion of subscribed capital that the company has not yet asked shareholders to pay (I).(C) Paid-up Capital: The actual amount collected from shareholders out of the total called-up capital (IV).(D) Subscribed Capital: The part of issued capital for which applications have been accepted from investors (II).This corresponds to the option: (A) - (III), (B) - (I), (C) - (IV), (D) - (II).