Arrange the following in proper order:
(A) Issued Capital
(B) Subscribed and fully paid
(C) Subscribed and not fully paid
(D) Authorised capital
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) → (D), (A), (B), (C)
The categories of share capital narrow down step by step, from the most the company may raise to what has actually been taken up and paid.
(D) Authorised capital — the maximum capital the company may issue under its Memorandum of Association.
(A) Issued capital — the part of the authorised capital actually offered for subscription.
(B) Subscribed and fully paid — the part of the subscribed capital on which the whole amount has been called and paid.
(C) Subscribed and not fully paid — the part of the subscribed capital on which some amount is still to be called or paid.
Subscribed capital is split into these two parts, and the fully paid part is shown first, as in the book’s chart.
NCERT (2026-27 edition):
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