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Calls in Arrears

As per Compan...

Question

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

A

11%

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B

10%

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C

12%

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D

9%

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Solution

The correct option is B
10%

As per Companies Act, 2013, the maximum rate of interest on calls in arrears is 10%

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