Accountancy, asked by anuragagrawal3oz0xrn, 7 months ago

Penalty for delay in refunding application money is charged​

Answers

Answered by ap5495989
11

Answer:

If the company fails to repay the application money within the said 60 days period, it shall be liable to repay that money with interest @ 12% p.a. from the expiry of the 60th day.

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