The correct answer is Option (4) → (A)-(III), (B)-(IV), (C)-(I), (D)-(II).
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List-I
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List-II
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(A) Nominal Capital
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(III) Memorandum of Association
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(B) Reserve Capital
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(IV) Called only at the time of winding up
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(C) Paid up Capital
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(I) Called up capital minus calls in arrears
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(D) Issued Capital
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(II) Offered to the public
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(A) Nominal Capital- (III) Memorandum of Association.
Authorised capital is the amount of share capital which a company is authorised to issue by its Memorandum of Association. The company cannot raise more than the amount of capital as specified in the Memorandum of Association. It is also called Nominal or Registered capital. The authorised capital can be increased or decreased as per the procedure laid down in the Companies Act. It should be noted that the company need not issue the entire authorised capital for public subscription at a time. Depending upon its requirement, it may issue share capital but in any case, it should not be more than the amount of authorised capital.
(B) Reserve Capital- (IV) Called only at the time of winding up.
A company may set aside a portion of its uncalled capital, which would only be called upon in the event of the company's liquidation or winding up. This uncalled amount is referred to as the company's 'Reserve Capital' and is exclusively reserved for the satisfaction of creditors during the liquidation process. It is not shown in the balance sheet of the company.
(C) Paid up Capital- (I) Called up capital minus calls in arrears.
It is that portion of the called up capital that has been actually received from the shareholders. 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’. Therefore, paid-up capital is equal to the called-up capital minus call-in arrears.
(D) Issued Capital- (II) Offered to the public.
Issued Capitalis that part of the authorised capital which is actually issued to the public for subscription including the shares allotted to vendors and the signatories to the company’s memorandum. The authorised capital which is not offered for public subscription is known as ‘unissued capital’. Unissued capital may be offered for public subscription at a later date. | 
