Question

What rate of interest the company pays on calls-in-advance, if it has not prepared its own

Articles of Association?
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Answer 1

6%

If a company has not prepared its own Article of Association, then Table A of Companies Act, 1956 is applicable. According to Table A of Companies Act, interest on Calls-in-Advance @ is payable at 6% p.a.

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Answer 2

What rate of interest the company pays on calls-in-advance, if it has not prepared its own