Match List-I with List-II:List-I(A) Authorized capital(B) Issued capital(C) Subscribed capital(D) Paid up capitalList-II(I) Mentioned in Prospectus.(II) Mentioned In Memorandum Of Association.(III) Called up capital calls in arrears.(IV) Capital for which application is received.Choose the correct answer from the options given below:
- A(A) - (I), (B) - (II), (C) - (III), (D) - (IV)
- B(A) - (I), (B) - (III), (C) - (II), (D) - (IV)
- C(A) - (II), (B) - (I), (C) - (IV), (D) - (III)
- D(A) - (III), (B) - (IV), (C) - (I), (D) - (II)
Solution & Step-by-step Explanation
* Authorized Capital: The maximum amount of capital a company is authorized to issue, which is stated in the Capital Clause of the Memorandum of Association (MOA). Hence, (A) (II).Issued Capital: That part of authorized capital which is offered to the public for subscription, typically outlined in the Prospectus. Hence, (B) (I).Subscribed Capital: The portion of issued capital for which applications have been received from the public. Hence, (C) (IV).Paid-up Capital: The actual amount received by the company from shareholders, calculated as . Hence, (D) (III).Matching pairs correspond exactly to Option C.