Match List-I with List-II
|
List-I |
List-II |
|
(A) Calls in Arrears |
(I) Sometimes shareholders pay a part or the whole of the amount of the calls not yet made. |
|
(B) Calls in Advance |
(II) When any shareholder fails to pay the amount due on allotment or on any of the calls |
|
(C) Over Subscription |
(III) When number of shares applied for is less than the number for which applications have been invited for subscription |
|
(D) Under Subscription |
(IV) When applications for more shares of a company are received than the number offered to the public for subscription |
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → (A)-(II), (B)-(I), (C)-(IV), (D)-(III)
|
List-I |
List-II |
|
(A) Calls in Arrears |
(II) When any shareholder fails to pay the amount due on allotment or on any of the calls |
|
(B) Calls in Advance |
(I) Sometimes shareholders pay a part or the whole of the amount of the calls not yet made. |
|
(C) Over Subscription |
(IV) When applications for more shares of a company are received than the number offered to the public for subscription |
|
(D) Under Subscription |
(III) When number of shares applied for is less than the number for which applications have been invited for subscription |