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What is the minimum fine on a foreign company for contravening Chapter XXII?

ARs 50,000
BRs 3 lakh
CRs 1 lakh
DRs 5 lakh
Answer & Solution
Correct answer: C. Rs 1 lakh
Section 392 sets the company's fine at not less than one lakh rupees, extendable to three lakh rupees.
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