Generally, the Articles of the company specify the rate at which interest will be payable/receivable on calls-in-Advance/calls in Arrear. Table F of the Companies Act, 2013 will be applicable which leaves the matter to t
CS Executive · Corporate and Management Accounting · PYQS · December 2024
Generally, the Articles of the company specify the rate at which interest will be payable/receivable on calls-in-Advance/calls in Arrear. Table F of the Companies Act, 2013 will be applicable which leaves the matter to the Board of Directors to decide the rate of such interest, subject to a …………… maximum rate of interest on calls-in Advance and calls-in Arrears.
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Company Law
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