Match the List-I with List-IIList-I(A) Issued Capital(B) Subscribed C…

Match the List-I with List-II

List-I

(A) Issued Capital

(B) Subscribed Capital

(D) Reserve Capital

List-II

(I) Portion of capital which has been actually received from the shareholders.

(II) Portion of capital to be called only in the event of winding up of the company

(III) Portion of issued capital which has been actually subscribed by the public.

(IV) Portion of capital which is actually issued to the public for subscription.

Choose the correct answer from the options given below:

Answer & explanation

Correct answer: option 2

The correct answer is Option (2) → (A) - (IV), (B) - (III), (C) - (I), (D) - (II)

The share capital of a company is described in stages, from the amount offered to the public down to the amount actually received, with a part that may be set aside for winding up.

(A) Issued Capital — this matches (IV) Portion of capital which is actually issued to the public for subscription. It is the part of the authorised capital that the company offers to the public; the rest is unissued capital.

(B) Subscribed Capital — this matches (III) Portion of issued capital which has been actually subscribed by the public. Of the shares offered, this is the part the public has taken up; it can be equal to or less than the issued capital.

(C) Paid up Capital — this matches (I) Portion of capital which has been actually received from the shareholders. It is the called-up capital less calls in arrears, that is, the money the company has in hand.

(D) Reserve Capital — this matches (II) Portion of capital to be called only in the event of winding up of the company. A part of the uncalled capital is kept aside by a special resolution and is available only to creditors on winding up.

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. 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. 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 – “… Paid up Capital: It is that portion of the called up capital which has been actually received from the shareholders.”

NCERT (2026-27 edition):
Categories of Share Capital – “… • Reserve Capital: A company may reserve a portion of its uncalled capital to be called only in the event of winding up of the company. Such uncalled amount is called ‘Reserve Capital’ of the company.”