alleryStart learning →The minimum fine for contravening s.232 by a transferor or transferee company is what?
ARupees ten thousand
BRupees fifty thousand
CRupees one lakh
DRupees five lakh
Answer & Solution
Correct answer: C. Rupees one lakh
Section 232(8) sets the fine at not less than one lakh rupees, extendable to twenty-five lakh.
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