A shareholder holding 600 shares paid the amount of call @ R₹5 per share on 1st November 2018 whereas the call was due on 1st March 2019. Interest on calls in advance as per Table F will be :

₹120 ₹60 ₹50 ₹45

₹120

Table F of the Companies Act provides for the payment of Interest on calls in advance @ 12%. Therefore, maximum interest on calls in advance will be = 600*5*12%*4/12 = Rs 120