Table F of the Companies Act, 2013 provides model articles of association for companies limited by shares.
When a shareholder fails to pay the amount due on allotment or any call on the due date, this unpaid amount becomes calls-in-arrears.
As per Table F, the company is entitled to charge interest on calls-in-arrears at the rate of 10% per annum from the date the amount became payable until the actual date of payment.
This interest compensates the company for the delay in receiving the capital that was rightfully due. The rate of 10% is the standard rate specified in the model articles, though companies can modify this rate in their own articles of association if they choose to adopt different provisions.
Correct Answer: Option 4 (10%)