alleryStart learning →Maximum imprisonment for contravening s.186 per s.186(13) is:
ATwo years
BOne year
CThree years
DSix months
Answer & Solution
Correct answer: A. Two years
An officer in default faces imprisonment extending up to two years, along with a fine.
Keep practising Meetings of Board and Its Powers
Browse all Meetings of Board and Its Powers questions for CA Final, or explore more Law topics.
Related questions
Section 186(4) requires loans and investments to be disclosed in the:s.186(11) exempts lending by which company in ordinary business?The s.186 register of loans, guarantees and investments is kept at the:A company in default on repaying deposits may not give loans under s.186(8) until:Loans under s.186 cannot be at an interest rate below the yield on:Under s.186(5), a subsisting term loan needs prior approval of:Section 186(5): a Board resolution sanctioning a loan needs consent of:The s.186(3) limit check is waived for loans by a company to its: