Match List-I with List-II

List-I	List-II
(A) Calls in Arrears	(I) Sometimes shareholders pay a part or the whole of the amount of the calls not yet made.
(B) Calls in Advance	(II) When any shareholder fails to pay the amount due on allotment or on any of the calls
(C) Over Subscription	(III) When number of shares applied for is less than the number for which applications have been invited for subscription
(D) Under Subscription	(IV) When applications for more shares of a company are received than the number offered to the public for subscription

Choose the correct answer from the options given below:

(A) Calls in Arrears refers to the situation when a shareholder fails to pay the amount due on allotment or on any of the calls. The unpaid amount becomes arrears and is shown as a deduction from called-up capital.

This matches with (II).

(B) Calls in Advance occurs when shareholders pay amounts before they are actually called by the company. This is a voluntary advance payment for calls not yet made.

This matches with (I).

(C) Over Subscription happens when the company receives more applications than the number of shares offered to the public. For example, if a company offers 1,00,000 shares but receives applications for 1,50,000 shares.

This matches with (IV).

(D) Under Subscription occurs when the number of shares applied for is less than the number of shares offered. For example, if a company offers 1,00,000 shares but receives applications for only 80,000 shares.

This matches with (III).

The correct matching is: (A) - (II), (B) - (I), (C) - (IV), (D) - (III)

Option 3 is correct.