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According to Rule 21 of KCS Rules, in a limited liability society, the balance sheet-based value of a deceased member’s shares is ₹12,000, while the member originally paid ₹10,000. What is the maximum amount payable to the nominee?

A₹12,000

B₹2,000

C₹22,000

D₹10,000

Answer:

D. ₹10,000

Read Explanation:

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