Match List-I with List-II. LIST I LIST II (A) Reserve Capital (I) Tha…

Match List-I with List-II.

LIST I	LIST II
(A) Reserve Capital	(I) That portion of the subscribed capital which has not yet been called up.
(B) Uncalled Capital	(II) It is that part of the issued capital which has been actually subscribed by the public.
(C) Paid up Capital	(III) A company may reserve a portion of its uncalled capital to be called only in the event of winding up of the company.
(D) Subscribed Capital	(IV) It is that portion of the called up capital which has been actually received from the shareholders.

Choose the correct answer from the options given below:

Answer & explanation

Correct answer: option 2

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

Share capital passes through stages: part of it is subscribed, part of the subscribed amount is called up, and part of the called-up amount is actually paid. Each term in List-I names one of these parts.

(A) Reserve Capital — this matches (III). It is the part of the uncalled capital that the company decides to call only if it is wound up.

(B) Uncalled Capital — this matches (I). It is the part of the subscribed capital that the company has not yet asked the shareholders to pay.

(C) Paid up Capital — this matches (IV). It is the part of the called-up capital that has actually been received.

(D) Subscribed Capital — this matches (II). It is the part of the issued capital that the public has actually subscribed.

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.”

NCERT (2026-27 edition):
Categories of Share Capital – “… 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 – “… Called up Capital: It is that part of the subscribed capital which has been called up on the shares, i.e., what the company has asked the shareholders to pay. The company may decide to call the entire amount or part of the face value of the shares, For example, if the face value (also called nominal value) of a share allotted is Rs. 10 and the company has called up only Rs. 7 per share, in that scenario, the called up capital is Rs. 7 per share. The remaining Rs. 3 may be collected from its shareholders as and when needed.”

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.”