alleryStart learning →What is the maximum imprisonment for contravening Section 128 on books of account?
AOne year
BTwo years
CSix months
DThree years
Answer & Solution
Correct answer: A. One year
The penalty clause caps imprisonment at one year, alternatively a fine, or both.
Keep practising Accounts of Companies
Browse all Accounts of Companies questions for CA Inter, or explore more Law topics.
Related questions
If statements are not adopted at the AGM, how does the Registrar take them on record?A One Person Company files adopted statements within how many days of financial year closuWithin how many days of the AGM must adopted financial statements be filed with the RegistWhat penalty applies to the company for default under Section 136?Copies of audited financial statements reach members at least how many days before the meeIf the earmarked CSR amount is not spent, what must the Board do?For CSR spending, preference is given to which area?CSR activities in the policy must be those specified in which Schedule?