Question
If any default is made in transferring the total amount
or any part to the Unpaid Dividend Account of the company, it shall pay, from the date of such default, interest on so much of the amount as has not been transferred to the said account, at the rate of _________________per annum and the interest accruing on such amount shall enure to the benefit of the member of the company in proportion to the amount remaining unpaid to themSolution
Companies Act Section 124.Unpaid Dividend Account: (3) If any default is made in transferring the total amount or any part thereof to the Unpaid Dividend Account of the company, it shall pay, from the date of such default, interest on so much of the amount as has not been transferred to the said account, at the rate of twelve per cent per annum and the interest accruing on such amount shall enure to the benefit of the member of the company in proportion to the amount remaining unpaid to them.
Atul invested in scheme A and B that provide simple interest at the rate of 12% and 15% for 3 years and 5 years, respectively. Interest received from sc...
Rs.5400 is divided into two parts such that if one part be invested at 6% and the other at 9%, the annual interest from both the investments is Rs. 435....
A man deposited Rs. 7500 in a bank offering compound interest of 10% p.a. compounded annually for first 2.5 years and after that simple interest of 12% ...
The difference between the simple interest and the compound interest compounded annually at the same rate on a sum of money at the end of two years is R...
Simple interest on a sum of money for 2 years is 1/5th of the sum, then the interest received in 5 years on same principal will be what time of the prin...
Rs.26000 is split into two sums such that the Simple Interest on one part for 5 years at 10% equals the Simple Interest on the other part for 6 years at...
A certain amount is split equally between two investment plans. One offers simple interest and the other compound interest, both at the same annual rate...
The amount of a certain sum in 3 years at simple interest at x % p.a. is ₹5,472 and the amount of the same sum in 7(1/2) years at the same rate, at si...
Simple interest received at the rate of 20% p.a. for 6 years on a principal amount of Rs. 9000 is twice of the simple interest received at 10% p.a. for ...
A man invested a certain amount of sum at 10% per annum simple interest and earned an interest of Rs. 3000 after 5 years. If the same amount is i...
Relevant for Exams:
