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Minimum fine on a company contravening s.242(5) under s.242(8)?

ATen thousand rupees
BFifty thousand rupees
COne lakh rupees
DFive lakh rupees
Answer & Solution
Correct answer: C. One lakh rupees
Section 242(8) sets the company fine at not less than one lakh rupees and up to twenty-five lakh rupees.
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