alleryStart learning →What is the maximum fine on a company that issues a prospectus in contravention of section 26?
AOne lakh rupees
BFifty lakh rupees
CFive lakh rupees
DThree lakh rupees
Answer & Solution
Correct answer: D. Three lakh rupees
Section 26(9) fines the company from fifty thousand rupees up to three lakh rupees.
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