Match the following.

Choose the correct answer from the options given below:

(A)-(II), (B)-(I), (C)-(III), (D)-(IV)

* Authorized Capital: This is the share capital amount that a company is permitted to issue according to its Memorandum of Association. The company cannot exceed the specified capital amount in its Memorandum of Association. It is also known as Nominal or Registered capital. The authorized capital can be increased or decreased following the procedures outlined in the Companies Act. It's important to note that the company is not obligated to offer the entire authorized capital for public subscription at once. Depending on its needs, it may issue share capital, but it should not exceed the authorized capital amount.

* Reserve Capital: 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.

* Issued Capital: This represents the portion of authorized capital that is actually made available to the public for subscription, including shares allotted to vendors and signatories of the company's memorandum. The authorized capital that has not been made available for public subscription is referred to as 'unissued capital.' Unissued capital may be offered for public subscription at a later date.

* Subscribed but not fully paid up Capital: This is the portion of issued capital that has been subscribed to by the public. When all shares offered for public subscription are fully taken up by the public, the issued and subscribed capital will be the same. It's important to note that subscribed capital may ultimately be equal to or less than the issued capital. If the number of shares subscribed is less than what was offered, the company will only allot the number of shares for which subscriptions have been received. If it exceeds what was offered, the allotment will match the offer. In other words, over-subscription is not reflected in the books.
When amount is called up by the company but it is not paid by shareholders in full then that capital is shown under this head.