Match List-I with List-II.
| LIST I | LIST II |
| (A) Issued Capital | (I) It is that part of the issued capital which has been actually subscribed by the public. |
| (B) Uncalled Capital | (II) Capital which can be called only in the event of winding up of the company. |
| (C) Reserve Capital | (III) That portion of the subscribed capital which has not yet been called up. |
| (D) Subscribed Capital | (IV) It is that part of the authorised capital which is actually issued 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)-(IV), (B)-(III), (C)-(II), (D)-(I)
The categories of share capital narrow down step by step: the company offers part of its authorised capital (issued), the public takes up part of the offer (subscribed), and the part of the subscribed amount not yet demanded is uncalled, some of which may be kept for winding up (reserve).
(A) Issued Capital — this matches (IV) It is that part of the authorised capital which is actually issued to the public for subscription. It is the part of the authorised capital actually offered.
(B) Uncalled Capital — this matches (III) That portion of the subscribed capital which has not yet been called up. It is the part of the face value the company has not asked for so far.
(C) Reserve Capital — this matches (II) Capital which can be called only in the event of winding up of the company. It is the part of uncalled capital kept for the creditors on winding up.
(D) Subscribed Capital — this matches (I) 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.
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