Question

Interest on calls in arrears is charged according to Table F at ______.

विकल्प

• 6% p.a.

• 10% p.a.

• 5% p.a.

• 12% p.a.

Answer 1

Interest on calls in arrears is charged according to Table F at 10% p.a.

Explanation:

As per Table F of Schedule I of the Companies Act, 2013, interest on Calls in Arrears is charged at the rate of 10% per annum, unless the company’s Articles of Association prescribe a different rate.