Company Accounts

Share Capital

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common

Table F of the Companies Act provides for the payment of interest on calls in advance at a rate not exceeding

10% per annum

12% per annum

6% per annum

5% per annum

✅ Correct Option: 2

Under Table F of the Companies Act, 2013 a company may pay interest on calls received in advance at a rate not exceeding 12 percent per annum. Interest on calls in arrears under Table F is charged at up to 10 percent per annum.

2022: 15 July Shift 2

The amount received on allotment was

2025: 14 May Shift 1

Shares can be forfeited :

2025: 30 May Shift 1

Match List-I with List-II

List-I	List-II
(A)The maximum amount of share capital which a company is authorized to issue is known as :	(I) Capital reserve
(B) Shares can be forfeited for:	(II) Share capital
(C) The profit on the reissue of forfeited shares is transferred to :	(III) Nominal share capital
(D) Balance of share forfeiture account is shown in the balance sheet under the item :	(IV) Non-payment of call money

Choose the correct answer from the options given below:

2022: 16 July Shift 2

Amount transferred to Capital Reserve will be

2026: 31 May Shift 1

When shares are forfeited, the amount already received is credited to:

2026: 13 May Shift 1

Taxman Ltd had allotted 40,000 equity shares to the applicant of 48,000 shares on pro rata basis. The amount payable on application is Rs. 4. Manorama applied for 450 shares. The number of shares allotted and the amount carried forward for adjustment against allotment money due from her are:

Table F of the Companies Act provides for the payment of interest on calls in advance at a rate not exceeding

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