Match List – I with List – II.
|
List - I |
List - II |
|
(A) Authorised Capital |
(I) Offered to public for Subscription |
|
(B) Issued Capital |
(II) Portion of called capital received from shareholders |
|
(C) Subscribed Capital |
(III) Part of Issued capital subscribed by shareholders |
|
(D) Paid up Capital |
(IV) Nominal Capital |
Choose the correct answer from the options given below :
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → (A)-(IV), (B)-(I), (C)-(III), (D)-(II)
Each kind of share capital is a step from the most the company may raise down to what it has actually received.
(A) Authorised Capital — this matches (IV) Nominal Capital. It is the maximum capital fixed by the Memorandum of Association, also called nominal or registered capital.
(B) Issued Capital — this matches (I) Offered to public for Subscription. It is the part of authorised capital actually offered to the public.
(C) Subscribed Capital — this matches (III) Part of Issued capital subscribed by shareholders. It is the part of the issued capital the public has actually taken up.
(D) Paid up Capital — this matches (II) Portion of called capital received from shareholders. It is called-up capital less calls in arrears.
NCERT (2026-27 edition): NCERT (2026-27 edition): NCERT (2026-27 edition): NCERT (2026-27 edition): |