alleryStart learning →What is the maximum fine on a company for failing to furnish information under s.206(7)?
ARs 10,000
BRs 1 lakh
CRs 50,000
DRs 5 lakh
Answer & Solution
Correct answer: B. Rs 1 lakh
Section 206(7) fixes the fine for the company and each officer in default at up to one lakh rupees.
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