alleryStart learning →What is the minimum fine on a company that contravenes the provisions on registration of charges?
AFive lakh rupees
BTwo lakh rupees
CFifty thousand rupees
DOne lakh rupees
Answer & Solution
Correct answer: D. One lakh rupees
Section 86 sets the company's fine at not less than one lakh rupees, extendable to ten lakh rupees.
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