Select the most appropriate answer from the alternatives given below a

1.	Select the most appropriate answer from the alternatives given below and rewrite the sentence : If articles are silent regarding interest on calls-in-arrears, the minimum rate of interest to be charged is ______. Options 5% p.a. 6% p.a. 8% p.a. none of these
Answer» If articles are silent regarding interest on calls-in-arrears, the minimum rate of interest to be charged is 5%. Explanation: Calls-in-arrears are defined as those dues which are not paid by the shareholders on the allotment or on calls within the fixed time. The interest on Calls-in-arrears is to be paid by the defaulters and if nothing is provided in the articles then the interest of 5% p.a. is to be applied.

Select the most appropriate answer from the alternatives given below and rewrite the sentence : If articles are silent regarding interest on calls-in-arrears, the minimum rate of interest to be charged is ______. Options 5% p.a. 6% p.a. 8% p.a. none of these

Answer»

If articles are silent regarding interest on calls-in-arrears, the minimum rate of interest to be charged is 5%.

Explanation: Calls-in-arrears are defined as those dues which are not paid by the shareholders on the allotment or on calls within the fixed time.

The interest on Calls-in-arrears is to be paid by the defaulters and if nothing is provided in the articles then the interest of 5% p.a. is to be applied.

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Select the most appropriate answer from the alternatives given below and rewrite the sentence : If articles are silent regarding interest on calls-in-arrears, the minimum rate of interest to be charged is ______. Options 5% p.a. 6% p.a. 8% p.a. none of these

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