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Match the LIST-I with LIST-II

LIST-ILIST-II
A. Section 43 of Companies Act, 2013I.Calls in advance
B. Interest @10% p.aII.One person company
C. Section 2(62) of Companies Act, 2013III.Preference shares and Equity shares
D. Interest @12% p.aIV.Calls in Arrear

Choose the correct answer from the options given below:

Solution

✅ Correct Option: 3

Section 43 classifies share capital into equity and preference shares, and Section 2(62) defines a one person company. Under Table F, calls in arrear attract interest at 10% p.a. payable by the shareholder, while calls in advance carry interest at 12% p.a. payable by the company.

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