[Solved] Interest on calls paid in advance, according to Table A, should not exceed

Interest on calls paid in advance, according to Table A, should not exceed

a) 12%

b) 5% 

c) 10% 

d) 14%

Answer: (a) Interest on calls paid in advance, according to Table A, should not exceed 12%. As per Table F of Schedule I of the Companies Act, 2013, the Company may pay a maximum 2% p.a. interest from the date of receipt of Calls in advance to the due date of the Call.

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