alleryStart learning →The company's fine for contravening Sections 139 to 146 lies in which range?
ARs 10,000 to Rs 1 lakh
BRs 50,000 to Rs 5 lakh
CRs 25,000 to Rs 5 lakh
DRs 1 lakh to Rs 25 lakh
Answer & Solution
Correct answer: C. Rs 25,000 to Rs 5 lakh
Section 147(1) fines the company not less than twenty-five thousand and up to five lakh rupees.
Keep practising Audit and Auditors
Browse all Audit and Auditors questions for CA Inter, or explore more Law topics.
Related questions
An auditor convicted under Section 147(2) is liable to do what?An auditor who contravenes knowingly to deceive the company faces imprisonment of up to whIf Sections 139 to 146 are contravened, an officer in default faces imprisonment up to whaA representative attending for the auditor must be:At a general meeting, the auditor has a right to be heard on which matters?Where are report qualifications read, and who may inspect them?For an individual auditor, indirect services include those through whom?A prohibited service to the audited company's holding or subsidiary is: