Table F of the Companies Act provides fo

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Target Exam

CUET

Subject

-- Accountancy Part A

Chapter

Accounting for Shares

Question:

Table F of the Companies Act provides for the payment of interest on calls in advance at a rate not exceeding:

Options:

10% per annum.

12% per annum.

11% per annum.

15% per annum.

Correct Answer:

12% per annum.

Explanation:

The correct answer is Option (2) → 12% per annum.