A company failed to receive ₹2,00,000 on First and final call. Interest on calls in arrears is charged according to 'Table F' at:
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → 10% p.a
Where the Articles of Association are silent, Table F of the Companies Act, 2013 applies: interest on calls in arrears is charged at a rate not exceeding 10% per annum from the date fixed for payment to the date of actual payment. The size of the unpaid call (Rs. 2,00,000 here) does not change the rate.
NCERT (2026-27 edition):
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