As per Table F, the rate of interest provided on calls in advance can't exceed ........... p.a? - Accountancy MCQ CUET Accountancy 2025 22 May Shift 1 2026 | ExamTest.live | ExamTest.live

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As per Table F, the rate of interest provided on calls in advance can't exceed ........... p.a?

A $10%$
B $12%$
C $9%$
D $6%$

Solution & Step-by-step Explanation

Under Table F of Schedule I of the Companies Act, 2013, the maximum interest rate that a company is authorized to pay on capital advanced by shareholders ahead of the official call schedule is restricted to a maximum limit of 12% per annum .

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As per Table F, the rate of interest provided on calls in advance can't exceed ........... p.a?

A

10%

B

12%

C

9%

D

6%

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Company Accounts Share Capital Table F

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