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easyMCQCUET Accountancy 2025 29 May Shift 22026Accountancy
1 mark

The rate of interest on calls in arrears as per Table F can not exceed:

  1. A
    11% p.a.
  2. B
    10% p.m.
  3. C
    10% p.a
  4. D
    12% p.a.

Solution & Step-by-step Explanation

According to Table F of Schedule I of the Companies Act, 2013, the maximum rate of interest chargeable on calls-in-arrears is 10% p.a. (while interest paid on calls-in-advance cannot exceed 12% p.a.).

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The rate of interest on calls in arrears as per Table F can not exceed:
A
11% p.a.
B
10% p.m.
C
10% p.a
D
12% p.a.

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