मराठी

In case the deed provides for payment of interest on capital but does not specify the rate, the interest will be paid at which rate per annum? -

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प्रश्न

In case the deed provides for payment of interest on capital but does not specify the rate, the interest will be paid at which rate per annum?

पर्याय

  • 6 per cent per annum

  • 8 per cent per annum

  • 9 per cent per annum

  • 12 per cent per annum

MCQ

उत्तर

6 per cent per annum

Explanation:

If the deed allows for the payment of interest on capital but does not specify the rate, the interest will be paid at 6% per year. Furthermore, interest is only paid out of the company's profits, not if the company loses money during the period.

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