alleryStart learning →The minimum first-conviction fine under s.26(2) for unqualified signing is what?
ARs 1,000
BRs 5,000
CRs 25,000
DRs 1 lakh
Answer & Solution
Correct answer: B. Rs 5,000
Section 26(2) sets a fine of not less than five thousand rupees, extendable to one lakh.
Keep practising Chartered Accountants Act, 1949
Browse all Chartered Accountants Act, 1949 questions for CA Final, or explore more Auditing topics.
Related questions
A conviction carrying over six months' jail falls under which Part?Defalcating money received professionally is misconduct under which item?An employee-member leaking confidential data is guilty under which item?Contravening the Act or Council guidelines is misconduct under which item?Not obtaining sufficient information to support an opinion is misconduct under which item?Which Second Schedule item covers lack of due diligence or gross negligence?Not disclosing a material fact needed in accounts breaches which item?Under First Schedule Part IV(2), who forms the opinion that conduct brings disrepute?