Match List-I with List-II

List-I	List-II
(A) Companies Limited by Shares	(I) When the company's property is not sufficient to pay off its debts, the private property of its members can be used for the purpose.
(B) Companies Limited by Guarantee	(II) Restricts the right to transfer its shares
(C) Unlimited Companies	(III) If a member has paid the full amount of the shares, there is no liability on his part whatsoever for the debts of the company.
(D) Private Company	(IV) The liability of its members is limited to the amount they undertake to contribute in the event of the company being wound up.

Choose the correct answer from the options given below:

Looking at the characteristics of each type of company:

Companies Limited by Shares have members whose liability is limited to the unpaid amount on their shares. Once shares are fully paid, members have no further liability for company debts → matches with (III)

Companies Limited by Guarantee have members who agree to contribute a predetermined amount (guarantee amount) only when the company is being wound up → matches with (IV)

Unlimited Companies have members with unlimited liability. If company assets are insufficient to pay debts, members' personal/private property can be attached to settle company obligations → matches with (I)

Private Company is characterized by restrictions on share transferability. As per Section 2(68) of the Companies Act 2013, it restricts the right to transfer shares through its Articles of Association → matches with (II)

The correct matching is:

• (A) → (III)
• (B) → (IV)
• (C) → (I)
• (D) → (II)

Option 4 is correct.