The correct answer is option 3- (A)-(III), (B)-(I), (C)-(IV), (D)-(II).
| LIST I |
LIST II |
| (A) Authorized capital |
(III) The amount of share capital which a company is authorised
to issue by its Memorandum of Association. |
| (B) Issued 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. |
| (C) Subscribed capital |
(IV) It is that part of the issued capital which has been actually subscribed by the public. |
| (D) Called up 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. |
(A) Authorized capital-(III) The amount of share capital which a company is authorised to issue by its 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) Issued 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.
Issued Capital 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. 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. The company issues a prospectus to the public, which is a document that provides information about the company and the shares it is issuing. The prospectus is an invitation to the public to subscribe to the shares.
(C) Subscribed capital- (IV) It is that part of the issued capital which has been actually subscribed by the public.
Subscribed Capital is that part of the issued capital which has been actually subscribed by the public. When the shares offered for public subscription are subscribed fully by the public the issued capital and subscribed capital would be the same. It may be noted that ultimately, the subscribed capital may be equal to or less than the issued capital. In case the number of shares subscribed is less than what is offered, the company allots only the number of shares for which subscription has been received. In case it is higher than what is offered, the allotment will be equal to the offer.
(D) Paid up 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.
Paid up Capital is that portion of the called up capital which 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 | 
