Match List-I with List-IIList-I (TYPES OF COMPANY)List-II (CHARACTERISTICS)(A) unlimited company(I) liability arises only in the event of winding up(B) one person company(III) paid up capital is not more than 50 lakhs (historical limit threshold)(C) private company(II) limits the number of members to 200(D) company limited by guarantee(IV) creditors can claim their dues from the membersChoose the correct answer from the options given below:
- A(A) - (I), (B) - (II), (C) - (III), (D) - (IV)
- B(A) - (IV), (B) - (III), (C) - (II), (D) - (I)
- C(A) - (I), (B) - (II), (C) - (IV), (D) - (III)
- D(A) - (III), (B) - (IV), (C) - (I), (D) - (II)
Solution & Step-by-step Explanation
Matching features of different types of companies:(A) Unlimited Company: The liability of members is unlimited, meaning creditors can claim their dues from the personal property of members (IV)(B) One Person Company (OPC): Traditionally categorized under specific initial criteria including paid-up share capital constraints (III)(C) Private Company: Restricts the maximum number of its members to 200 (II)(D) Company Limited by Guarantee: The liability of members is limited to the guaranteed sum, which is enforceable only when the company is being wound up (I)Matching sequence is (A) - (IV), (B) - (III), (C) - (II), (D) - (I).