As per Table F of the companies Act , what is the maximum rate of interest on calls in advance paid?

5% 10% 12% 8%

12%

Table F of the Companies Act provides for the payment of interest on calls in advance at a rate not exceeding 12% per annum. The balance in ‘Calls in Advance’ account is shown as a separate item under the title Equity and Liabilities in the company’s balance sheet under the head ‘current liabilities’, as sub-head ‘others current liabilities’. It is not added to the amount of paid-up capital.