alleryStart learning →Fine for breach of s.166 duties ranges from?
ARs 50,000 to 2 lakh
BRs 10,000 to 50,000
CRs 25,000 to 1 lakh
DRs 1 lakh to 5 lakh
Answer & Solution
Correct answer: D. Rs 1 lakh to 5 lakh
Section 166(7) fixes the fine at not less than one lakh and up to five lakh rupees.
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Related questions
A removed director cannot later be re-appointed by whom (s.169(7))?A resolution to remove a director under s.169 requires what?Which director can the company not remove under s.169(1)?A company removes a director before term end by which resolution (s.169(1))?After resigning, a director stays liable for offences during?A resignation takes effect on which date (s.168(2))?Time to send reasons of resignation to Registrar (s.168(1) proviso)?How does a director resign under s.168(1)?