Millionaire Mode

Company Accounts: Share Issue, Forfeiture & Redemption

Question 1 of 25

According to Table A (16), if a sum called in respect of a share is not paid before or on the day fixed for payment, the person from whom the sum is due shall pay interest. What is the rate of interest on call-in-arrears?

  1. 5% p.m.

  2. 5% p.a.
  3. 6% p.m.
  4. 6% p.a.

Prize Money

15₹7 Crores
14₹1 Crore
13₹50,00,000
12₹25,00,000
11₹12,50,000
10₹6,40,000
9₹3,20,000
8₹1,60,000
7₹80,000
6₹40,000
5₹20,000
4₹10,000
3₹5,000
2₹2,000
1₹1,000