Match List-I with List-II. LIST I LIST II (A) Authorized capital (I)…

Match List-I with List-II.

LIST I	LIST II
(A) Authorized capital	(I) Capital which is actually issued to the public for subscription including the shares allotted to vendors and the signatories to the company's memorandum.
(B) Issued capital	(II) 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.
(C) Subscribed capital	(III) The amount of share capital which a company is authorised to issue by its Memorandum of Association.
(D) Called up capital	(IV) It is that part of the issued capital which has been actually subscribed by the public.

Choose the correct answer from the options given below:

Answer & explanation

Correct answer: option 3

The correct answer is Option (3) → (A)-(III), (B)-(I), (C)-(IV), (D)-(II)

The categories of share capital narrow down step by step: the company may issue up to its authorised capital, it offers part of it (issued), the public takes up part of the offer (subscribed), and the company asks for part of the subscribed amount (called up).

(A) Authorised capital — this matches (III) The amount of share capital which a company is authorised to issue by its Memorandum of Association. It is the upper limit on the capital the company can raise.

(B) Issued capital — this matches (I) Capital which is actually issued to the public for subscription including the shares allotted to vendors and the signatories to the company’s memorandum. It is the part of authorised capital actually offered.

(C) Subscribed capital — this matches (IV) It is that part of the issued capital which has been actually subscribed by the public. It is the part of the offer the public has taken up.

(D) Called up capital — this matches (II) 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. It is the part of the face value demanded so far.

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.”