Match List-I with List-II
Choose the correct answer from the options given below:
- A\text{(A) - (II), (B) - (I), (C) - (III), (D) - (IV)}
- B\text{(A) - (IV), (B) - (III), (C) - (II), (D) - (I)}
- C\text{(A) - (II), (B) - (I), (C) - (IV), (D) - (III)}
- D\text{(A) - (III), (B) - (IV), (C) - (I), (D) - (II)}
Solution & Step-by-step Explanation
Let's match the legal status definitions according to the Companies Act, 2013:(A) Companies Limited by Shares: Member liability is restricted to the unpaid face value of shares held. (IV)(B) Companies Limited by Guarantee: Members pledge a specific amount to contribute if winding up occurs. (III)(C) Unlimited Companies: Members' private assets can be utilized to cover liabilities; no upper bound limit. (II)(D) One Person Company (OPC): Comprises exactly one single individual as its primary promoter/member. (I)Therefore, the correct choice is (A) - (IV), (B) - (III), (C) - (II), (D) - (I).