alleryStart learning →Interest on delayed transfer to the Unpaid Dividend Account is charged at
A6 per cent per annum
B18 per cent per annum
C12 per cent per annum
D9 per cent per annum
Answer & Solution
Correct answer: C. 12 per cent per annum
Section 124(3) sets twelve per cent a year on the amount not transferred, from the date of default.
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