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Calls in Advance

As per Compan...

Question

As per Companies Act, 2013, the maximum rate of interest on calls in advance is ____________.

A

9%

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B

10%

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C

11%

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D

12%

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Solution

The correct option is D
12%

As per Companies Act, 2013, the maximum rate of interest on calls in advance is 12%

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Q. As per Companies Act, 2013, the maximum rate of interest on calls in advance is .

As per Companies Act, 2013, the maximum rate of interest on calls in arrears is_________.

Q. As per Table A to the Companies Act, a company pays interest on calls in advance at the rate of __________.

Q. As per Table F of Schedule I of the Companies Act, 2013, interest on calls in advance can be paid at _______ p.a.

Q. Director of NSZ Ltd. made a final call of Rs. 50 per share on 1st August, 2015 indicating the last date of payment of call to be 31st August, 2015. Mr. Black holding 8,000 shares paid the call money on 15 June, 2015 along with first call-in-advance. The company has a policy of paying interest on calls-in-advance as per Table F of Schedule I to the Companies Act, 2013. Interest on calls-in-advance will be ______.

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