Match List-I with List-II List-I List-II (A) Authorised Capital (I) I…

Match List-I with List-II

List-I	List-II
(A) Authorised Capital	(I) It is that part of the subscribed capital which has been called up on the shares.
(B) Issued Capital	(II) It is that part of the issued capital which has been actually subscribed by the public.
(C) Subscribed Capital	(III) It is that part of the authorised capital which is actually issued to the public for subscription.
(D) Called up Capital	(IV) The amount of share capital which a company is authorised to issue by its Memorandum of Association

Choose the correct answer from the options given below:

Answer & explanation

Correct answer: option 1

The correct answer is Option (1) → (A)-(IV), (B)-(III), (C)-(II), (D)-(I)

The four kinds of capital sit inside one another: authorised is the ceiling, issued is the part offered, subscribed is the part taken up, and called up is the part asked for. Each definition names the larger category it is a part of.

(A) Authorised Capital — this matches (IV) the amount of share capital which a company is authorised to issue by its Memorandum of Association. It is the upper limit; nothing more can be raised.

(B) Issued Capital — this matches (III) that part of the authorised capital which is actually issued to the public for subscription.

(C) Subscribed Capital — this matches (II) that part of the issued capital which has been actually subscribed by the public.

(D) Called up Capital — this matches (I) that part of the subscribed capital which has been called up on the shares.

NCERT (2026-27 edition):
Categories of Share Capital – “… Authorised Capital: Authorised capital is the amount of share capital which a company is authorised to issue by its Memorandum of Association.”

NCERT (2026-27 edition):
Categories of Share Capital – “… Issued Capital: It is 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.”

NCERT (2026-27 edition):
Categories of Share Capital – “… Subscribed Capital: It is that part of the issued capital which has been actually subscribed by the public.”

NCERT (2026-27 edition):
Categories of Share Capital – “… Called up Capital: 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.”