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:

Understanding the hierarchy of share capital helps in matching these terms correctly:

Authorized Capital → Issued Capital → Subscribed Capital → Called up Capital → Paid up Capital

(A) Reserve Capital → (III)

Reserve Capital is a special portion of uncalled capital that a company can reserve by passing a special resolution. This reserved portion can be called only when the company is being wound up, not during normal operations.

(B) Uncalled Capital → (I)

When shares are issued, the company may not demand the full face value immediately. The portion not yet demanded from shareholders is Uncalled Capital. For example, if shares of ₹10 each are issued but only ₹7 is called up, then ₹3 per share remains uncalled.

(C) Paid up Capital → (IV)

Called up Capital is the amount company has asked shareholders to pay. However, some shareholders may not pay (creating calls-in-arrear). Paid up Capital is what has actually been received in the company's bank account.

Paid up Capital = Called up Capital - Calls in Arrear

(D) Subscribed Capital → (II)

When a company issues shares to the public, not all issued shares may be subscribed. Subscribed Capital represents the portion of issued capital for which the public has actually applied and been allotted shares.

Correct Answer: Option 2

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