Question : Assertions A: Called-up capital means share capital called by the company on the subscribed shares.
Reason R: When a company issues shares on an amount that is receivable in installments, it calls upon the shareholders to pay the amount as called, thus it is the called-up capital.
In the context of the above two statements, which of the following is correct?

Option 1: Asseration A  and Reason R are correct but the Reason R is not correct explanation of Assertion A

Option 2: Both Assertion A and Reason R are correct and Reason R is the correct explanation of Assertion A 

Option 3: Only Assertion A is correct

Option 4: Assertion A is not correct but Reason R is correct

Question : Assertion (A):  Shares cannot be allotted unless a minimum subscription is received.
Reason (R): SEBI has prescribed that a company issuing shares to the public cannot allot shares unless it receives a subscription of 90% of the shares issued.
In the context of the above two statements, which of the following is correct?

Option 1: Asseration A  and Reason R are correct but the reason R is not correct explanation of Assertion A

Option 2: Both Assertion A and reason R are correct and Reason R is the correct explanation of Assertion A 

Option 3: Only Assertion A is correct 

Option 4: Assertion A is not correct but Reason R is correct

Question : Assertion A: Sun Flower Ltd. issued 10,000 equity shares of Rs.10 each. It received the nominal face value of the shares except the first and final call of Rs.3 per share on 1000 shares. These 1,000 equity shares will be shown as subscribed but not fully paid up under subscription capital.

Reason R: The company has not received Rs.3 per share on 1000 equity shares. hence, these shares are not fully paid up. They will be shown as subscribed but not fully paid under-subscribed capital.

In the context of the above two statements, which of the following is correct?

Option 1: Assertion A  and Reason R are correct but the Reason R is not correct explanation of Assertion A 

Option 2: Both Assertion A and Reason R are correct and Reason R is the correct explanation of Assertion A 

Option 3: Only Assertion A is correct

Option 4: Both Assertion A  and Reason R are not correct .

Question : Assertion A: Sun Flower Ltd. issued 10,000 equity shares of Rs.10 each. It received the nominal face value of the shares except the first and final call of Rs.3 per share on 1000 shares. These 1,000 equity shares will be shown as subscribed but not fully paid up under subscription capital.

Reason R: The company has not received Rs.3 per share on 1000 equity shares. hence, these shares are not fully paid up. They will be shown as subscribed but not fully paid under-subscribed capital.

In the context of the above two statements, which of the following is correct?

Option 1: Assertion A  and Reason R are correct but the Reason R is not correct explanation of Assertion A 

Option 2: Both Assertion A and Reason R are correct and Reason R is the correct explanation of Assertion A 

Option 3: Only Assertion A is correct

Option 4: Both Assertion A  and Reason R are not correct .

Question : Assertion A: Issued share capital and subscribed share capital are always the same.

 Reason R: Subscribed capital is part of issued share capital. Thus it is always equal to the issued share capital.

In the context of the above two statements, which of the following is correct?

Option 1: Assertion A  and Reason R are correct but Reason R is not correct explanation of Assertion A 

Option 2: Both Assertion A and Reason R are correct and Reason R is the correct explanation of Assertion A

Option 3: Only Assertion A is correct 

Option 4: Assertion A and Reason R are not correct