alleryStart learning →The basic penalty on a company for breaching Section 124 is
ARs 1 lakh
BRs 50,000
CRs 5 lakh
DRs 25 lakh
Answer & Solution
Correct answer: A. Rs 1 lakh
After the 2020 amendment, Section 124(7) imposes a penalty of one lakh rupees with a further daily amount for continuing failure.
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