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mediumMCQCUET Accountancy 2025 29 May Shift 22026Accountancy
1 mark

When there's no Article of Association of its own, the following provision of table F (formerly Table A) will apply at the time of issue of shares...

  1. A
    period of 3 months must elapse between two calls
  2. B
    a minimum of 21 days notice is given to the shareholders to pay the amount.
  3. C
    a minimum of 14 days notice is given to the shareholders to pay the amount
  4. D
    the amount of call should be more than 25% of the face value of the share.

Solution & Step-by-step Explanation

According to the standard provisions of Table F of Schedule I of the Companies Act, 2013 (analogous to the older Table A), a minimum of 14 days' notice must be given to the shareholders specifying the time and place of payment for a call.

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When there's no Article of Association of its own, the following provision of table F (formerly Table A) will apply at the time of issue of shares...
A
period of 3 months must elapse between two calls
B
a minimum of 21 days notice is given to the shareholders to pay the amount.
C
a minimum of 14 days notice is given to the shareholders to pay the amount
D
the amount of call should be more than 25% of the face value of the share.

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