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easyMCQCUET Accountancy 2025 30 May Shift 12026Accountancy
1 mark

Table F of the Companies Act 2013 provides for the payment of interest on calls in advance at a rate not exceeding:

  1. A
    10% per annum.
  2. B
    12% per annum.
  3. C
    11% per annum.
  4. D
    15% per annum.

Solution & Step-by-step Explanation

According to Table F of Schedule I of the Companies Act, 2013, the maximum rate of interest payable on calls-in-advance is 12% per annum. (Conversely, the maximum interest chargeable on calls-in-arrears is 10% p.a.).

Practice this question

Try it yourself before checking the explanation above.

Table F of the Companies Act 2013 provides for the payment of interest on calls in advance at a rate not exceeding:
A
10% per annum.
B
12% per annum.
C
11% per annum.
D
15% per annum.

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Company AccountsShare CapitalCalls in Advance

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