The correct answer is option 3- (A)-(IV), (B)-(III), (C)-(II), (D)-(I).
| LIST I |
LIST II |
| (A) Issued Capital |
(IV) It is that part of the authorised capital which is actually issued to the public for subscription |
| (B) Uncalled Capital |
(III) That portion of the subscribed capital which has not yet been called up. |
| (C) Reserve Capital |
(II) Capital which can be called only in the event of winding up of the company. |
| (D) Subscribed Capital |
(I) It is that part of the issued capital which has been actually subscribed by the public. |
(A) Issued Capital-(IV) It is that part of the authorised capital which is actually issued to the public for subscription.
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.
(B) Uncalled Capital-(III) That portion of the subscribed capital which has not yet been called up.
The portion of Subscribed Capital which has not yet been called up by the company is called "Uncalled up capital." It represents the potential future liability of shareholders to fulfill their commitment to pay for the shares.
(C) Reserve Capital- (II) Capital which can be called only in the event of winding up of the company.
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. It is available only for the creditors on the winding up ofA company may set aside a portion of its uncalled capital, which would only be called upon in the event of the company's liquidation or winding up. This uncalled amount is referred to as the company's 'Reserve Capital' and is exclusively reserved for the satisfaction of creditors during the liquidation process. It is not shown in the balance sheet of the company.
(D) Subscribed Capital-(I) It is that part of the issued capital which has been actually subscribed by the public.
Subscribed Capital: It 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.
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