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What is the minimum time interval between two consecutive calls according to Table ‘F’ of Schedule I? - Accounts

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Question

What is the minimum time interval between two consecutive calls according to Table ‘F’ of Schedule I?

Very Short Answer
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Solution

According to Table ‘F’ of Schedule I of the Companies Act, 2013, the minimum time interval between two consecutive calls is at least one month. There must be a gap of one month between the due dates of any two consecutive calls made by a company.

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Chapter 6: Company Accounts - Issue of Shares - SHORT ANSWER QUESTIONS [Page 6.147]

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D. K. Goel Accountancy Volume 1 and 2 [English] Class 12 ISC
Chapter 6 Company Accounts - Issue of Shares
SHORT ANSWER QUESTIONS | Q 17. | Page 6.147
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