The correct answer is option 4- (A)-(III), (B)-(IV), (C)-(I), (D)-(II).
| LIST I |
LIST II |
| (A) Calls in Arrears |
(III) The amount due that shareholder fails to pay on allotment or on any of the calls. |
| (B) Calls in Advance |
(IV) The amount sometimes received from the shareholders
as a part or the whole of the amount of the calls not yet made. |
| (C) Over Subscription |
(I) This is the case when applications for more shares of a company are
received than the number offered to the public for subscription. |
| (D) Under Subscription |
(II) This is a situation where the number of shares applied for is less than
the number for which applications have been invited for subscription. |
(A) Calls in Arrears- (III) The amount due that shareholders fail to pay on allotment or on any of the calls.
When the shareholders have paid all the called amount, the called up capital is the same to the paid up capital. If any of the shareholders has not paid amount on calls, such an amount may be called as ‘calls in arrears’. If shareholders fail to pay the call amount, the outstanding or unpaid calls become known as "calls in arrears." As per Companies Act, 2013, the maximum rate of interest on calls in arrears is 10% p.a.
(B) Calls in Advance- (IV) The amount sometimes received from the shareholders as a part or the whole of the amount of the calls not yet made.
Sometimes shareholders pay a part or the whole of the amount of the calls not yet made. The amount so received from the shareholders is known as “Calls in Advance”. The amount received in advance is a liability of the company and should be credited to ‘Call in Advance Account.” The amount received will be adjusted towards the payment of calls as and when they becomes due. Table F of the Companies Act provides for the payment of interest on calls in advance at a rate not exceeding 12% per annum.
(C) Over Subscription- (I) This is the case when applications for more shares of a company are received than the number offered to the public for subscription.
Oversubscription refers to a situation in which the demand for a particular financial instrument exceeds the supply or the number of available shares. There are instances when applications for more shares of a company are received than the number offered to the public for subscription. This usually happens in respect of shares issue of well-managed and financially strong companies and is said to be a case of ‘Over Subscription’. In such a condition, three alternatives are available to the directors to deal with the situation: (1) they can accept some applications in full and totally reject the others; (2) they can make a pro-rata allotment to all; and (3) they can adopt a combination of the above two alternatives which happens to be the most common course adopted in practice.
(D) Under Subscription- (II) This is a situation where the number of shares applied for is less than the number for which applications have been invited for subscription.
Under subscription is a situation where number of shares applied for is less than the number for which applications have been invited for subscription. For example, a company offered 2 lakh shares for subscription to the public but the applications were received for 1,90,000 shares, only. In such a situation, the allotment will be confirmed to 1,90,000 shares and entries shall be made accordingly. However, it must be ensured that the company has received the minimum subscriptions and the company will have to refund the entire subscription amount received. | 
