Match List-I with List-II

List-I	List-II
(A) Interest on calls in arrears	(I) Preference Shares
(B) Interest on calls in advance	(II) OPC
(C) Sec.2(62) of The Companies Act, 2013 defines	(III) 12%
(D) Sec.43 of The Companies Act, 2013 defines	(IV) 10%

Choose the correct answer from the options given below:

1. (A) - (IV), (B) - (III), (C) - (I), (D) - (II)
2. (A) - (IV), (B) - (III), (C) - (II), (D) - (I)
3. (A) - (II), (B) - (I), (C) - (IV), (D) - (III)
4. (A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Let me match each item from List-I with the correct option from List-II:

(A) Interest on calls in arrears → (IV) 10%

When shareholders fail to pay the call money on due date, the company can charge interest on the unpaid amount. As per standard practice and provisions in the Companies Act, this interest is charged at 10% per annum (unless Articles specify otherwise).

(B) Interest on calls in advance → (III) 12%

When shareholders pay call money before it is actually called, the company may pay interest on such advance payments. The maximum permissible rate is 12% per annum as per the Companies Act, 2013 (unless Articles specify a lower rate).

(C) Sec.2(62) of The Companies Act, 2013 defines → (II) OPC

Section 2(62) of the Companies Act, 2013 provides the definition of One Person Company (OPC), which is a company with only one member.

(D) Sec.43 of The Companies Act, 2013 defines → (I) Preference Shares

Section 43 of the Companies Act, 2013 deals with kinds of share capital and specifically defines Preference Shares - shares that carry preferential rights regarding dividend payment and repayment of capital in case of winding up.

Correct matching:

• (A) - (IV), (B) - (III), (C) - (II), (D) - (I)

Correct Option: 2