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What is the maximum rate of interest which the board of directors of a company can normally pay on calls-in-advance if the articles are silent on the matter of such interest?

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6% p.a. If the Articles of the Company are silent about the rate of interest on calls-in-advance, then rate of interest is 6% p.a. Such an interest is a charge on profits and has to be paid to the concerned shareholder even if there is no profit.
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6% p.a. If the Articles of the Company are silent about the rate of interest on calls-in-advance, then rate of interest is6% p.a.Such an interest is a charge on profits and has to be paid to the concerned shareholder even if there is no profit. read less
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