Start learning →

An officer in default under section 147(1) faces a maximum fine of what?

ARs 1,00,000
BRs 25,000
CRs 5,00,000
DRs 50,000
Answer & Solution
Correct answer: A. Rs 1,00,000
Every officer in default is fined from Rs 10,000 up to Rs 1,00,000.
Practise this question with Quill — CA Inter →

Keep practising Ethics and Terms of Audit Engagements

Browse all Ethics and Terms of Audit Engagements questions for CA Inter, or explore more Auditing topics.

Start a Ethics and Terms of Audit Engagements lesson →
Related questions