Match List-I with List-II:List-IList-II(A) Authorised Capital(I) Capital which is actually issued to the public for subscription including the shares allotted to vendors and the signatories to the company's memorandum.(B) Issued Capital(II) It is that part of the subscribed capital which has been called up on the shares, i.e., what the company has asked the shareholders to pay.(C) Subscribed Capital(III) The amount of share capital which a company is authorised to issue by its Memorandum of Association.(D) Called up Capital(IV) It is that part of the issued capital which has been actually subscribed by the public.Choose the correct answer from the options given below:
- A(A) - (II), (B) - (I), (C) - (III), (D) - (IV)
- B(A) - (I), (B) - (III), (C) - (II), (D) - (IV)
- C(A) - (III), (B) - (I), (C) - (IV), (D) - (II)
- D(A) - (III), (B) - (IV), (C) - (I), (D) - (II)
Solution & Step-by-step Explanation
Let's match the standard definitions of share capital categories:Authorised Capital: The maximum legal limit of capital a company can issue under its Memorandum of Association. Thus, (A) matches with (III).Issued Capital: The nominal value part of nominal capital offered to investors or signatories. Thus, (B) matches with (I).Subscribed Capital: The portion of issued capital taken up and acknowledged by the shareholders. Thus, (C) matches with (IV).Called up Capital: The cumulative sum demanded by the directors from shareholders out of the subscribed amount. Thus, (D) matches with (II).Matching order: (A) - (III), (B) - (I), (C) - (IV), (D) - (II).