Match List-I with List-II:List-IList-II(A) Interest on calls in arrears(I) Preference Shares(B) Interest on calls in advance(II) OPC (One Person Company)(C) Sec. 2(62) of The Companies Act, 2013 defines(III) 12%(D) Sec. 43 of The Companies Act, 2013 defines(IV) 10%Choose the correct answer from the options given below:
- A(A) - (IV), (B) - (III), (C) - (I), (D) - (II)
- B(A) - (IV), (B) - (III), (C) - (II), (D) - (I)
- C(A) - (II), (B) - (I), (C) - (IV), (D) - (III)
- D(A) - (III), (B) - (IV), (C) - (I), (D) - (II)
Solution & Step-by-step Explanation
Let's establish matches according to the regulations of Table F of the Companies Act, 2013:(A) Interest on calls in arrears: According to Table F, the maximum interest rate chargeable on unpaid calls is p.a. (IV)(B) Interest on calls in advance: According to Table F, the maximum interest rate payable on calls received in advance is p.a. (III)(C) Sec. 2(62) of the Companies Act, 2013: This section provides the legal definition for a One Person Company (OPC). (II)(D) Sec. 43 of the Companies Act, 2013: This section defines the kinds of share capital, which includes Kinds of Share Capital (Equity Shares and Preference Shares). (I)Matching sequence: (A) - (IV), (B) - (III), (C) - (II), (D) - (I).