alleryStart learning →The ceiling on a company's total penalty under Section 124(7) is
ARs 2 lakh
BRs 5 lakh
CRs 10 lakh
DRs 25 lakh
Answer & Solution
Correct answer: C. Rs 10 lakh
The continuing penalty of five hundred rupees a day is capped at a maximum of ten lakh rupees for the company.
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