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Calls in Arrears

Interest on c...

Question

Interest on calls in arrears is charged at the rate of :

(a) 5% (b) 10% (c) 7.5% (d) 15%

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Solution

Interest on calls in arrears is charged at the rate of 10% p.a.

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Similar questions

Q. If articles are silent regarding interest on calls-in-arrears, the minimum rate of interest which can be charged on calls-in-arrears is ____________.

Q. Interest on calls in arrears is charged according to Table A of Schedule I to the Companies Act 1956 at the rate of __________.

Q. As per Table A to the Companies Act, a company can charge interest on calls-in-arrears at the rate of ___________.

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

Q. Select the most appropriate answer from the alternatives given below and rewrite the sentence :

If articles are silent regarding interest on calls-in-arrears, the minimum rate of interest to be charged is _____________.
a) 5% p.a.
b) 6% p.a.
c) 8% p.a.
d) none of these

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