alleryStart learning →Penalty on a director contravening s.184(1) or (2) is:
ARs 5 lakh
BRs 1 lakh
CRs 50,000
DRs 10,000
Answer & Solution
Correct answer: B. Rs 1 lakh
As substituted in 2020, the director is liable to a penalty of one lakh rupees.
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